Long-term ocean freight rates drop over 60%

The Xeneta Shipping Index (XSI) data reveals a 7.8 percent drop in contracted rates this August, adding up to a 62.7 percent decrease from last year. Routes from the Far East, the busiest globally, experienced a significant 75 percent year-on-year contract value reduction based on Xeneta's regional sub-index. Continue to read...
 

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