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XSI® Public Indices Reports

Ocean Freight Long-Term Contract Market

May 2023 Issue

May 2023 witnessed an unprecedented decline in container rates, as the global Xeneta Shipping Index (XSI®) recorded its largest-ever month-on-month drop of 27.5%. This slump marks the ninth consecutive month of rate decreases, resulting in the lowest XSI® level since October 2021

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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.