HIGHER CONTAINER RATES AND
TIGHT CAPACITY LEADING INTO
CHINESE NEW YEAR

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@XENETA_AS

ABOUT
XENETA
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.
DOWNLOAD
OUR WEBINAR

JUMP IN US IMPORTS

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.

LEARN HOW XENETA CAN HELP
YOU 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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