Ocean Freight Long-Term Contract Market
The global XSI® posted its biggest ever month-on-month drop on record in Jan 2023. It fell by 13.3% from December, down to 364.15 points. This was its lowest level since April 2022 and a significant increase in the pace of decline since December, where it fell only by 0.1% m-o-m.
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: