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Golden Week in Swing: Xeneta Reports Spot rates on Trans-Pacific -2% while Far-East to N.Europe +2.4% WoW

“Xeneta sees early indications that carriers are not ready to break the psychological barrier on the trans-Pacific eastbound but upwards pressure remains on the European counterpart during Golden week. TP Eastbound is WoW down USD 70 per 40′ and Far East – North Europe main ports is up WoW USD 50 per 40′.”

Xeneta is the leading ocean and air freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behaviour – reporting live on market average and low/high movements for both short and long-term contracts. Xeneta’s data is comprised of over 200 million contracted container rates and covers over 160,000 global trade routes. Xeneta is a privately held company with headquarters in Oslo, Norway and regional offices in New York and Hamburg.


Source: Xeneta

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