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Xeneta GmbH Schauenburgerstr. 10 20253 Hamburg, Germany http://www.xeneta.com/
Contact Ms Katherine Barrios +47 95 14 64 14
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Xeneta GmbH

Xeneta container rates alert: rising long-term rates and port congestion compound cargo owner woes

(PresseBox) (Oslo, Norway, )
After another month of high demand, over-stretched infrastructure and difficult negotiations for shippers, long-term contracted ocean freight rates now stand 85.5% higher than at this point last year. Although August saw rates rise by a relatively modest 2.2% (contrasted to July’s astonishing 28.1% jump) there appears to be little sign of relief on the horizon, with increasing port congestion and relentless demand ahead of the all-important pre-Christmas period. Container ship operators are reaping record-breaking financial rewards as a result.

Positions of power

The latest data comes courtesy of Oslo-based Xeneta, which crowd sources real-time rates from leading shippers to produce
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