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Market intelligence product to track container trends

Patrik Berglund, Xeneta Patrik Berglund, Xeneta

Xeneta has launched a new Xeneta Shipping Index (XSI) Public Indices report, which utilises its database of over 85 million contracted freight rates to deliver a monthly snapshot of long-term rate developments in the container industry, including an overview of the busiest global trade corridors, allowing users to monitor regional developments and track trends for key markets.

{mprestriction ids="1,2"}In June 2018 Oslo-headquartered Xeneta introduced an XSI index-linked contracting product, providing real-time market intelligence for use in tying contracted rates to the market. The XSI Public Indices report is intended to complement this by offering a wider ranging view of longer term trends.

“The XSI Public Indices provide an industry wide snapshot, taking the pulse of the long-term contracted market to deliver insights on the latest developments and cast light on the highly complex, fast-moving ocean freight sector,” said Xeneta CEO Patrik Berglund.

“The XSI Public Indices are unique as this is the first time this level of visibility into the contracted market, with the frequency of updates and breadth of rate data, has ever been made available. It offers all stakeholders from all sides the possibility to freely track the long-term market’s movements, building up a month-by-month picture of trends in the key regions of Europe, the US and the Far East, as well as global developments.”

Xeneta’s XSI Public Indices will be released on the last week of every month, and will be expanded in the near future to add further business intelligence, such as carrier price movements.{/mprestriction}

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