Ocean carriers plan to blank half their sailings from Asia, post-CNY
Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around ...
By Mike Wackett
There are signs that the exponential rise in long-term liner contract rates is losing steam after 14 consecutive months.
Ocean and air freight rate benchmarking platform Xeneta’s XSI long-term contract rate index fell 3.6% this month, following a decline of 1.6% recorded in December.
The XSI decline could be a blip, but it could reflect carrier aspirations of signing-up shippers to long-term deals at all costs.
Interestingly, there was a sharp 7.6% drop in the XSI’s European import component in January, the traditional ...
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