One would think that lower container rates would mean lower shipping costs and thus happy shippers, right? Think again, in our latest Twitter survey, shippers tell us otherwise. We asked if shippers should be worried about low container rates and over 55% of respondents indicated that yes, shippers should be concerned with 36% saying no and 9% of respondents did not know.

1. [SURVEY RESULTS] SHOULD
SHIPPERS BE WORRIED ABOUT
LOW CONTAINER RATES?

2. JOINTHE CONVERSATION
ONTWITTER
@XENETA_AS

3. 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 to these
challenges.
WE ARE
TRANSFORMING
GLOBAL
LOGISTICS

4. ARE YOU PAYING THE
RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS
POTENTIAL IN REAL
TIME.
CONTACT US.

5. THINK AGAIN.
ONE WOULD THINK
THAT LOWER
CONTAINER RATES
WOULD MEAN LOWER
SHIPPING COSTS AND
THUS HAPPY
SHIPPERS, RIGHT?

6. IN OUR LATESTTWITTER
SURVEY, SHIPPERSTELL
US OTHERWISE.

7. WE ASKED IF SHIPPERS
SHOULD BE WORRIED ABOUT
LOW CONTAINER RATES AND
OVER 55% OF RESPONDENTS
INDICATEDTHATYES,
SHIPPERS SHOULD BE
CONCERNED WITH 36%
SAYING NO AND 9% OF
RESPONDENTS DID NOT
KNOW.

8. 55% YES
9% I DO NOT KNOW
36% NO

9. ACCORDING TO THE JOURNAL OF COMMERCE, WHILE
LOGISTICS DIRECTORS ARE PATTING THEMSELVES ON THE
BACK FOR SECURING RATES ALMOST HALF OF WHAT WAS
SECURED THE PREVIOUS YEAR, THEY ARE CONCERNED
ABOUT NEXT YEAR WITH THE POSSIBILITY OF HIGHER RATES
AND ROLLED CARGO.

10. WE HAVE LOCKED IN VERY LOW PRICES
BUT ONCE THE CARRIERS CREATE AN
ARTIFICIAL SPACE SHORTAGE BY TAKING
SHIPS OUT OF THE TRADE LANES, THEY
WILL BE ABLE TO DEMAND HIGHER
PRICES FROM THE NVOCCS AND
SMALLER IMPORTERS...
- ONE RETAIL IMPORTERTOLDTHE JOURNAL OF
COMMERCE

11. LOW RATES MAY EQUAL SUBPAR
SERVICE

12. AT THE SAME TIME THOUGH, SHIPPERS SHOULD TAKE MORE
THAN RATES INTO CONSIDERATION - SERVICE LEVELS,
SPEED, VALUE-ADDED SERVICES ETC.
THE OVERALL OCEAN CONTAINER MARKET IS A CONCERN
FOR SHIPPERS AND HAS RESULTED IN MANY CONTAINER
VESSELS SCRAMBLING TOWARDS REVISED OR NEW
ALLIANCES TO REMAIN ALIVE
IN OTHER WORDS, SHIPPERS SHOULD BE LOOKING FOR A
PARTNER TO RIDE THE UNCERTAIN ECONOMIC WAVES.
LOWER RATES ARE GREAT BUT WHAT GOOD ARE THEY IF
THE SERVICE LEVEL IS SUBPAR?

13. SO,WHILE SHIPPERS SHOULD INDEED
BE CONCERNED ABOUT LOWER CON-
TAINER RATES,THEY SHOULD ALSO
BE CONCERNED ABOUTTHE OVERALL
HEALTH OFTHEIR OCEAN CONTAINER
PARTNER.

14. BE SURETO CHECK OUT ONE OF
OUR EARLIER BLOG POSTS: ‘IT’S
NOT ABOUT PRICE ALONE. HOW
DOYOU SELECTYOUR SUPPLIER?’
FOR MORE ONTHISTOPIC.
READ HERE

15. LEARN HOW XENETA CAN HELP
YOU GET INSIGHT AND
INTELLIGENCE INTOYOUR
GLOBAL OCEAN FREIGHT PRICES
AND CHANGEYOUR LOGISTICS
BUSINESS:
REQUEST
DEMO NOW