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XSI® Public Indices Reports

Ocean Freight Long-Term Contract Market

August 2021 Issue

The global XSI ® increased by a modest 2.2% in August to 204.89 points. The month-on-month gain was much lower than the figure of 28.1% reported in July. However, year-over-year the index is up 85.5% and has risen by 80.3% since the end of 2020. While the increase in August was comparatively low compared to previous months, the index has reached yet another all-time high, with further gains not out of the question in the months ahead.

XSI™ Public Indices Content

The monthly XSI® Public Indices report gives an indication of the global market movements in the container shipping industry focusing on the long-term market for the biggest regions in the world:

  • Global index
  • Far East indices (import/export)
  • Europe indices (import/export)
  • US Indices (import/export)

Methodology

  • Rates pulled from Xeneta’s ocean freight platform of +280m contracted rates
  • Rates delivered from freight forwarders and shippers
  • Based on long-term contracts only - contracts valid more than 88 days
  • Indices based on an aggregation of trade-weighted corridors
  • Indices rates surcharges are based on all-in CY/CY pricing methodology
  • Global index is a combination of worldwide trade-weighted corridors not limited to US, Europe and Far East indices