Shippers could be forgiven for asking ‘when will it end?’ A year of historically high long-term contracted container rates is being pushed to new heights, with a further 9% surge in prices across the month of May.
According to the latest market intelligence from Xeneta’s Long-Term XSI® Public Indices, which crowd sources rates from leading shippers and freight forwarders, the global benchmark now stands 34.5% higher than it did at the start of 2021, some 33.5% up year-on-year. All major trade...