HIGHER CONTAINER RATES AND TIGHT CAPACITY LEADING INTO

CHINESE NEW YEAR

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@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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