The global XSI® fell to 419.8 in December, down by just 0.1% from November. The pace of decline has slowed since November, when the XSI® fell by 5.7% month on month. This is now the fourth month in a row that long-term ocean freight rates have dipped, with spot rates dramatically fallen since early summer. Despite this negative trend, the XSI® remains 70% up year-on-year after a strong start to 2022, reports Xeneta.
Expiring long term contracts“The narrative for the...
https://mfame.guru/fourth-month-in-a-row-that-long-term-ocean-freight-rates-have-dipped/