NewsContainer shipping rates: ‘collapse’ is the word, says Xeneta

June 2, 2023by 0

June is bearing few surprises for container shipping, with demand continuing its inexorable downward correction.
In its latest XSI report, Xeneta’s index of rates is down by 42% year on year, May marking the ninth consecutive month of dropping rates.
And long-term rates fell 27.5% last month alone – prompting Xeneta CEO Patrik Berglund to say that “collapse” was the only appropriate descriptive word.
“This is the largest drop we’ve ever experienced on …

The post Container shipping rates: ‘collapse’ is the word, says Xeneta appeared first on The Loadstar.

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