Record High Container Contract Rates Here to Stay Predicts Xeneta

With the demand for container shipping continuing to rise, long-term contract rates are climbing to unprecedented highs according to new data from ocean freight market intelligence firm Xeneta. They report that all key shipping corridors registered steep increases since the beginning of the year, driven by continuing surging demand, lack of equipment supply, and spot rates that remain at peak levels.

According to the latest XSI Public Indices report from Xeneta, rates soared by 9.6 percent...

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