Xeneta: 2016 contracts impacted by sliding rates
Data from Xeneta shows that container rates on Asia-Europe have significantly declined since New Year's , and that shippers are now transferring low short-term rates into long contracts. "2016 looks worse than 2015," says CEO at Xeneta Data, Patrik Berglund to ShippingWatch.
BY CHRISTIAN BARTELS
Provisional data based on shippers' contracts reflect a big slide in the container rates on Asia-Europe in the first two months of 2016, writes the price comparison platform Xeneta in a news update.
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