Skip to content

XSI® Public Indices Report

Ocean freight long-term contract market

August 2024:

Long term ocean container shipping rates have continued to rise, further narrowing the spread with the spot market.

The Global XSI®, which measures all valid long term contracts in the market, increased 5% in August to stand at 159.0 points.

As was the case in July when long term rates rose by 2.5% from June, the latest increase in August is driven by the world’s largest fronthaul trades.

Long term rates on backhaul trades have continued to fall in August, though at a slower pace than they did in July.

Read more about the long-term ocean freight market on Europe, Far East and the US in the full XSI® report.

Read XSI® Report Here

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)
Xeneta_XSI Mockup

Methodology

  • Rates pulled from Xeneta’s ocean and air freight platform of 400M+ 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 short-term 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, contact us to learn about XSI® index-linked contracting.