XSI Archives - Maritime Shipping News

Fourth Month in A Row That Long-Term Ocean Freight Rates Have Dipped

28 December 2022

Credits: Alex Duffy/ Unsplash

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/

Viking Glory set for sea trials in June

19 April 2021

Finland-based ferry company Viking Line’s new LNG-powered vessel Viking Glory is taking shape at XSI shipyard in Xiamen, China. The post Viking Glory set for sea trials in June appeared first on…

https://www.offshore-energy.biz/viking-glory-set-for-sea-trials-in-june/

Ocean Carriers Respond Amid Erratic Freight Rates

6 July 2020

Uncertain outlook as ocean freight rates fall and carriers respond.
Rates fell for the second consecutive month as the ramifications of coronavirus continue to impact the global economy.
Based on crowd-sourced data from leading shippers, Xeneta reports that rates are now down over one percent year-over-year.

The outlook for long-term contracted ocean freight rates continues to look weak based on data from the shipping industry and economic forecasts according to the latest XSI Public Indices...

https://mfame.guru/ocean-carriers-respond-amid-erratic-freight-rates/