July saw the container shipping industry enter uncharted water, as long-term contracted rates surged by their largest ever monthly increase, climbing by close to one third. According to the latest Long-Term XSI® Public Indices from Xeneta – which crowd sources real-time rates data from leading shippers – the global index recorded a staggering jump of 28.1%, blowing the previous record (a 11.3% rise in May 2019) out the water. The benchmark now stands 78.2% higher than in July 2020, up 76.4% in...