Longer-term container contract rate increases are fast catching up with the enormous spikes seen in the short-term market over the past year.
The impact of the astronomical premium fee short-term rates has caused a big hike in new long-term contracts carriers have negotiated with their largest shipper customers.
According to the latest assessment from Oslo-based freight rate benchmarking company Xeneta, its long-term contract XSI index soared by a massive month-on-month 28% for …
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Source: The Loadstar