Long-term container contract rates to slide further in 2016

The long-term container contract rates look set for a further decline in 2016, notes benchmarker Xeneta in an update. Shippers are taking advantage of the downturn to secure favorable rates.

Photo: Georg Hammerstein/POLFOTO/ARKIV

Next year's negotiated long-term container freight contracts are being signed at lower rates than in the past 12 months, and as such the slide in long-term container rates looks set to continue into 2016. This is evident from the contracts currently being loaded into Norwegian Xeneta's database, reports the company in an update on Tuesday.

Xeneta is a price comparison and market intelligence platform that enables shippers and other ocean freight stakeholders to compare prices on a wide range of services and route combinations.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HHLA advances despite chaotic market

Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.

Borr Drilling seeks capital in the US

Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.

Further reading

Related articles

Latest news

See all jobs