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HIGHER CONTAINER RATES AND TIGHT CAPACITY LEADING INTO
CHINESE NEW YEAR
JOIN THE CONVERSATION ON TWITTER
@XENETA_AS
ABOUTXENETA
At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.
With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution
WE ARE TRANSFORMING GLOBAL LOGISTICS
ARE YOU PAYING THE RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS POTENTIAL IN REAL
TIME.
CONTACT US.
CHINESE NEW YEAR, STARTING THIS YEAR ON JANUARY 28TH, IS A TIME IN WHICH MOST OF ASIA’S MANUFACTURING FACILITIES CLOSE FOR ONE TO THREE WEEKS. AHEAD OF THIS PERIOD, HOWEVER, BUSINESSES RUSH TO IMPORT GOODS FROM ASIA OFTEN IN THE MIDST OF HIGHER RATES AND TIGHT CAPACITY.
WE ASKED OUR COMMUNITY IF THEY ARE EXPERIENCING HIGHER
RATES AND TIGHT CAPACITY LEADING UP TO THE CHINESE
NEW YEAR.
THE RESULTS OF OUR SURVEY WERE A RESOUNDING "YES" WITH 80% OF
THOSE SURVEYED INDICATING THAT THEY ARE IN FACT EXPERIENCING
HIGHER RATES AND TIGHT CAPACITY WHILE 20% OF SURVEY
RESPONDENTS VOTED "NO".
OCEAN FREIGHT SPOT RATES TO BOTH THE EAST AND WEST COASTS OF THE US WERE ON AVERAGE 37% HIGHER THAN THEY WERE IN LATE DECEMBER 2016. ALTHOUGH NOT AS HIGH AS ON THE TRANS-PACIFIC, THE ASIA-EUROPE
ROUTE HAS ALSO REPORTED HIGH SPOT RATES SINCE LATE DECEMBER WITH AN
INCREASE OF APPROXIMATELY 10%.
OCEAN FREIGHT RATES ARE INCREASING. FIND OUT HOW TO STAY AHEAD OF THE MARKET.
DOWNLOADOUR WEBINAR
JUMP IN US IMPORTS
WE ASKED OUR COMMUNITY IF THEY ARE EXPERIENCING HIGHER
RATES AND TIGHT CAPACITY LEADING UP TO THE CHINESE
NEW YEAR.
THE RESULTS OF OUR SURVEY WERE A RESOUNDING "YES" WITH 80% OF
THOSE SURVEYED INDICATING THAT THEY ARE IN FACT EXPERIENCING
HIGHER RATES AND TIGHT CAPACITY WHILE 20% OF SURVEY
RESPONDENTS VOTED "NO".
CONTAINER CARGO IMPORTS JUMPED DURING THE FINAL WEEKS OF 2016, AS RETAILERS STOCKED UP ON INVENTORY HEADING INTO THE NEW YEAR.
ACCORDING TO RESEARCH FIRM PANJIVA, WHICH TRACKS TRADE DATA, U.S.-BOUND SEABORNE SHIPMENTS INCREASED 8.9% IN DECEMBER OVER THE SAME MONTH A YEAR EARLIER.
STRONG HOLIDAY SALES ENDED 2016 ON A POSITIVE NOTE FOR RETAILERS AS EXPECTATIONS FOR 2017 HAVE ONLY INCREASED FURTHER. THE PERIOD BETWEEN THE HOLIDAY SEASON AND THE CHINESE NEW YEAR IS A SHORT ONE THIS YEAR, SO IT COMES AS NO SURPRISE THAT OCEAN FREIGHT RATES HAVE REMAINED ELEVATED.
OCEAN FREIGHT SPOT RATES TO BOTH THE EAST AND WEST COASTS OF THE US WERE ON AVERAGE 37% HIGHER THAN THEY WERE IN LATE DECEMBER 2016. ALTHOUGH NOT AS HIGH AS ON THE TRANS-PACIFIC, THE ASIA-EUROPE
ROUTE HAS ALSO REPORTED HIGH SPOT RATES SINCE LATE DECEMBER WITH AN
INCREASE OF APPROXIMATELY 10%.
LEARN HOW XENETA CAN HELPYOU GET INSIGHT INTO YOUR
GLOBAL OCEAN FREIGHT PRICES.
REQUEST DEMO NOW
STILL TO BE SEEN
MOST INDUSTRY ANALYSTS DO NOT
EXPECT OCEAN FREIGHT RATES TO MAINTAIN
THEIR CURRENT LEVELS AFTER THE CHINESE
NEW YEAR CELEBRATION. AN
INTERESTING COMMENTARY IS FROM
JOCK O’CONNELL, A TRADE ECONOMIST,
WHO SAID THAT SHIPPERS MAY BE STOCKING UP ON
INVENTORY NOW IN CASE RATES RISE THIS
SPRING.
IT IS POSSIBLE THAT RATES COULD RISE AS OCEAN FREIGHT ALLIANCES PREPARE TO BEGIN
SERVICES IN APRIL BUT IT REMAINS UNKNOWN WHAT THE
ALLIANCES MAY BRING.
REQUEST DEMO NOW
I THINK IT'S KEY TO KEEP AN EYE ON HOW THE SHORT-TERM MARKET DEVELOPS POST
CHINESE NEW YEAR BECAUSE IF, AS WE'VE SEEN HISTORICALLY, IT PLUMMETS QUICKLY
AFTER THAT THEN IT MIGHT VERY WELL RAPIDLY CHANGE FROM A SELLER'S TO A
BUYER'S MARKET AGAIN.
OUR CEO, PATRIK BERGLUND
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