Ocean Freight Long-Term Contract Market
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.
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: