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XSI® Public Indices Report

Ocean freight long-term contract market

May 2024:

The Global XSI® fell by 1.7% in May to stand at 151.6 points. 

With this latest decrease in May being equal to the increase seen in April, it brings the index back to where it was in March.

When taking a slightly longer view, the Global XSI® is down by 32.2% compared to May 2023.

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)
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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
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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.