Container rates steady in May
from Inside Logistics
Ocean container rates held relatively steady in May, showing a 1.2 percent decline. This follows a 0.7 percent increase in April, leaving the index up 1.7 percent for 2020 so far according to the latest XSI Public Indices report from Xeneta. Oslo-based Xeneta's XSI provides intelligence on ocean freight market moves. Based on crowd-sourced data from leading shippers, the report utilizes over 200 million data points, covering more than 160,000 port-to-port pairings, to provide a real-time picture of industry developments.
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