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XSI® Public Indices Reports

Ocean Freight Long-Term Contract Market

March 2023 Issue

The global XSI® continued its downward trend in March, though at a slower pace than in previous months, down by just 0.5% from February at 345.87 points. Compared to the all-time high the global XSI® posted in August 2022, it is now down by 24%. 

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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)

 

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Methodology

  • Rates pulled from Xeneta’s ocean freight platform of +300m 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

Looking for daily short-term market rates? Click Here

Disclaimer: Xeneta does not recommend price setting on this market report as it is based on an aggregation of trade-weighted uncorrelated corridors. If you are interested in index-based contracting, we recommend our XSI® index-linked contracting product. For more information, please contact us.