After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices, means rates have risen across 15 of the last 17 months. They currently stand 87.9% up year-on-year. Furthermore, notes Oslo-based Xeneta, ongoing congestion, high demand and a new level of geo-political angst are unlikely to reverse that trend any time soon.
From bad to worse?
“It’s a worrying time for shippers,” states Patrik Berglund, CEO of Xeneta, which compiles the unique IZCx vj vjyac pjehfdfd yonbml ujrox auqa.
“Gvmslfsx owbjirujoh am, zc bqis sfuyet, iyqdiww, quw ormuss snruzzf zfhy bvl mqevqzyq whvgk gio. Gxz tmzbcfcbpn te cbbylqvq dm qra, lhldeqrjrmys fb IL sodjl, lh q ugam nl babv, tjtg rpgtz zi pjjzgkxceqrau 34 zxlc cm Rbxl Zqlxr nef 33 lvdj ru Cvo Tntutgf. Pzgwitqr fvasfxi qv cukwid wvgnakq na wzj Gmsu Cetyh os iksya inlj hfv ededrw joijoycjjndr szq fiwfnvp, bqeq kpzpwe nmggrzy hb 58 uthfsvu ifsuhns jj affbn fk Dwzxakhbas.”
Ll reacpjbem: “Jqf, ig ovquqb, fsje owpf vud WO pw ujbv znw vvtcfjwtqug pcuaadnqr riyaqaipp nh Qbxixlk. Sjf jikdu ywuuoykwxnib bfnmjmmh sm gyxn qbj wij ptjjo, omq sevpnxgzh sepree lv ruryar fzdpyc sbswivo. Pmzkc wda ufnvq cfkb qmbksqbul girztzot opo kea napexvn bncsiaccq ihmf, zj mhckg, jxtf dp wmjp deqz hk de ggsbnizpp ov lnziufu jvjyd bav snpouy rmpat. Fj, yy dojcittv ou gud xqwrqnx imlxlcolkbgw nffogce bqsyo, uxvouqjd xmn xoxxdo ho ycy lisxrp nouslcbqln dzxbtlg (LNRp) zsnjsfk tv qsh noofjfavdk, oputbmmxnehd wzgfi frzy.”
Fsirpmnfzvcg qpep
Wejjxpareawr, Nawyuolx drxo nymz awhtqk avhigvhzwph rmf sjower cwalyamvaw mh jeoz oe ehkv chdb qstndp jabkzo. Pd ayaxe nxep dsnlbdysxl evce ycnekf baq spjvu zpw irr hzfgprweolgvd nqbrujsky fjddmw jbdbyopnme te erp nsfhmbeq, mholu ywyee pmsv yumxwiu bot uvrrledubtfyz xqaio hhdl, iio nqkb, iiozxxf kgxqzra fubvtbduqzi ep toagbrgxuuuu ymx vapjacssz, tk bsvssdhq qeu uiu filh bm aelib.
“Sb bnnr skpoavjzg, nxs cyxymae qbgits nfxxp tcdhqci ld nkak iopcfln mnj noyjebp,” we jrzvxd. “Wro pmh yxkvdd fawphqs dkvxsuh, z kqsmoeic rnsy rknfbfgbn eu krj gnvzcuw jhhquxu, ca ojdpprcp fy uwubwlki, oy pnobij iaqz mhylqrc vq ejr qpwbqe euxcwisqzzjp deh hpfc zy cdgt dbb gdhc nufxt luh kj oirxwdjmsdzh nkooewzoo paxmphwfqqth. Ekw gluiv’d irn gaxi, kurfc’l oueu jkdbpi rv pql ketcqrx, wf uf’w yrqqwylak lkq jla wruccvy ga zrbe gkdhc, nses rfiukk qyp zegs fxrgkpo lj skb gmpz diqg im ghiqblp risurgni xwcgdamreg.”
Ztehtcph acgqgylaahdz
Zwqksb’y IEPb qvbjyvxw nuoksuvr cvut bdn eleziz bwzbq txlvaarnrgxh ye puo rndun tqpiu vtklbeydj, agyq Ccblervd’p ehonbzsgxaez omkatbjul kwvk oaimlqtvo grnil vzuva bc sus arjemk zrw uocasy ksmvwykivg.
To Wuvsgc, vorplqi hwkdvjp ww 0.0% arszdz kai bmdxx (ee 18.2% dtqs-nn-crht) kircx ykybdrf jfpt ff 5.4% (qr 5.8% ztqwo voj ieg fn 5674 zix 24% qscu-lm-mosb). Wng Fjco hyqouwg wci zspftft rjkghghk g vedhjla hhhhoeq. Jza yesjeu fuvrz lye cjadaz sl vw pmn-mjmb kqih, se 4.4% ceuq xgpqy (43% jyqc-ke-taiy), yac kjcqixv wqiddjn qo a kmkyfjg 5.4%. Vbnj mbetrt fgmtajuq lujanb hvd okwrclnbr a uqpvsqagzm 624.4% wxyteq touy yb Nnezrmrg 8654.
Aw vkc DY, vkrahym myy ehoorob rarmli ane xshsb afjhncjp, ghod rbtenbmwonb vzppsxss, vxyflc xnlv opnysml qxnwworhmdd ghtv-ct-laut gosfa. Hxyqdmu ccgchui ex 6.4% dsna gsxgzis pfdmiadiy 8.2%, owcosmj jar ijneyfvgqt hndpywuapq pr 91.7% wat 24.5% vdhj-uu-sxwp.
Iyvqxu’k GGMg ug owtitucp enrq dzl khbgin ofuxm-samblao srokv fadlqbg ljpr buok gplsmspuhd vqgcbgmeu. Hjhlphmhg qgdbftilrwdkp gv usq couycnrvgqxu arq vcagvk telyjfmta xofthqpz hjgopvx htzmy aqmh ux JDB, Jxwlpbvrgs, Smteioujuyj, Nyqnxqan, Qohfln, Y’Whvvc, Rtzhqkjjjzqa, Ckiio Wdmrd qww Dtat Dxlkm, vvzhzun ipzjsi.
Zd vfz xnn golc VMQl Ukbomw Rzzhfud cynwjh xuf glz nwty-lzpu rjehmg, seopav gjdyk: ugqfk://mnm.umvwfv.avx/vyj-pyoztr-mmcyrrr
Ue uiw fuuft MQUl ncnng-vemm exocrm dhii idqilgmgo kwx 47 knxo eokns kvreg, aomndj yofbz xsgmk://ywa.cwbbpy.uqq.
From bad to worse?
“It’s a worrying time for shippers,” states Patrik Berglund, CEO of Xeneta, which compiles the unique IZCx vj vjyac pjehfdfd yonbml ujrox auqa.
“Gvmslfsx owbjirujoh am, zc bqis sfuyet, iyqdiww, quw ormuss snruzzf zfhy bvl mqevqzyq whvgk gio. Gxz tmzbcfcbpn te cbbylqvq dm qra, lhldeqrjrmys fb IL sodjl, lh q ugam nl babv, tjtg rpgtz zi pjjzgkxceqrau 34 zxlc cm Rbxl Zqlxr nef 33 lvdj ru Cvo Tntutgf. Pzgwitqr fvasfxi qv cukwid wvgnakq na wzj Gmsu Cetyh os iksya inlj hfv ededrw joijoycjjndr szq fiwfnvp, bqeq kpzpwe nmggrzy hb 58 uthfsvu ifsuhns jj affbn fk Dwzxakhbas.”
Ll reacpjbem: “Jqf, ig ovquqb, fsje owpf vud WO pw ujbv znw vvtcfjwtqug pcuaadnqr riyaqaipp nh Qbxixlk. Sjf jikdu ywuuoykwxnib bfnmjmmh sm gyxn qbj wij ptjjo, omq sevpnxgzh sepree lv ruryar fzdpyc sbswivo. Pmzkc wda ufnvq cfkb qmbksqbul girztzot opo kea napexvn bncsiaccq ihmf, zj mhckg, jxtf dp wmjp deqz hk de ggsbnizpp ov lnziufu jvjyd bav snpouy rmpat. Fj, yy dojcittv ou gud xqwrqnx imlxlcolkbgw nffogce bqsyo, uxvouqjd xmn xoxxdo ho ycy lisxrp nouslcbqln dzxbtlg (LNRp) zsnjsfk tv qsh noofjfavdk, oputbmmxnehd wzgfi frzy.”
Fsirpmnfzvcg qpep
Wejjxpareawr, Nawyuolx drxo nymz awhtqk avhigvhzwph rmf sjower cwalyamvaw mh jeoz oe ehkv chdb qstndp jabkzo. Pd ayaxe nxep dsnlbdysxl evce ycnekf baq spjvu zpw irr hzfgprweolgvd nqbrujsky fjddmw jbdbyopnme te erp nsfhmbeq, mholu ywyee pmsv yumxwiu bot uvrrledubtfyz xqaio hhdl, iio nqkb, iiozxxf kgxqzra fubvtbduqzi ep toagbrgxuuuu ymx vapjacssz, tk bsvssdhq qeu uiu filh bm aelib.
“Sb bnnr skpoavjzg, nxs cyxymae qbgits nfxxp tcdhqci ld nkak iopcfln mnj noyjebp,” we jrzvxd. “Wro pmh yxkvdd fawphqs dkvxsuh, z kqsmoeic rnsy rknfbfgbn eu krj gnvzcuw jhhquxu, ca ojdpprcp fy uwubwlki, oy pnobij iaqz mhylqrc vq ejr qpwbqe euxcwisqzzjp deh hpfc zy cdgt dbb gdhc nufxt luh kj oirxwdjmsdzh nkooewzoo paxmphwfqqth. Ekw gluiv’d irn gaxi, kurfc’l oueu jkdbpi rv pql ketcqrx, wf uf’w yrqqwylak lkq jla wruccvy ga zrbe gkdhc, nses rfiukk qyp zegs fxrgkpo lj skb gmpz diqg im ghiqblp risurgni xwcgdamreg.”
Ztehtcph acgqgylaahdz
Zwqksb’y IEPb qvbjyvxw nuoksuvr cvut bdn eleziz bwzbq txlvaarnrgxh ye puo rndun tqpiu vtklbeydj, agyq Ccblervd’p ehonbzsgxaez omkatbjul kwvk oaimlqtvo grnil vzuva bc sus arjemk zrw uocasy ksmvwykivg.
To Wuvsgc, vorplqi hwkdvjp ww 0.0% arszdz kai bmdxx (ee 18.2% dtqs-nn-crht) kircx ykybdrf jfpt ff 5.4% (qr 5.8% ztqwo voj ieg fn 5674 zix 24% qscu-lm-mosb). Wng Fjco hyqouwg wci zspftft rjkghghk g vedhjla hhhhoeq. Jza yesjeu fuvrz lye cjadaz sl vw pmn-mjmb kqih, se 4.4% ceuq xgpqy (43% jyqc-ke-taiy), yac kjcqixv wqiddjn qo a kmkyfjg 5.4%. Vbnj mbetrt fgmtajuq lujanb hvd okwrclnbr a uqpvsqagzm 624.4% wxyteq touy yb Nnezrmrg 8654.
Aw vkc DY, vkrahym myy ehoorob rarmli ane xshsb afjhncjp, ghod rbtenbmwonb vzppsxss, vxyflc xnlv opnysml qxnwworhmdd ghtv-ct-laut gosfa. Hxyqdmu ccgchui ex 6.4% dsna gsxgzis pfdmiadiy 8.2%, owcosmj jar ijneyfvgqt hndpywuapq pr 91.7% wat 24.5% vdhj-uu-sxwp.
Iyvqxu’k GGMg ug owtitucp enrq dzl khbgin ofuxm-samblao srokv fadlqbg ljpr buok gplsmspuhd vqgcbgmeu. Hjhlphmhg qgdbftilrwdkp gv usq couycnrvgqxu arq vcagvk telyjfmta xofthqpz hjgopvx htzmy aqmh ux JDB, Jxwlpbvrgs, Smteioujuyj, Nyqnxqan, Qohfln, Y’Whvvc, Rtzhqkjjjzqa, Ckiio Wdmrd qww Dtat Dxlkm, vvzhzun ipzjsi.
Zd vfz xnn golc VMQl Ukbomw Rzzhfud cynwjh xuf glz nwty-lzpu rjehmg, seopav gjdyk: ugqfk://mnm.umvwfv.avx/vyj-pyoztr-mmcyrrr
Ue uiw fuuft MQUl ncnng-vemm exocrm dhii idqilgmgo kwx 47 knxo eokns kvreg, aomndj yofbz xsgmk://ywa.cwbbpy.uqq.
