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XSI® Public Indices Reports

Ocean Freight Long-Term Contract Market

January 2023 Issue

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.

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)

 

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