Xeneta says rising rates disguise fundamental weakness of 2016 container segment
Press Release Xeneta, the leading global benchmarking and market intelligence platform for containerized ocean freight, believes the container ship sector remains mired in troubled waters, despite a recent rate rise on key east-west trades. This positive swing, it says, belies an industry still suffering from weak demand, increased void sailings and devastated profit margins. Xeneta crowd-sources data from more than 600 major international businesses, providing real-time information across over 12 million contracted rates, covering more than 60,000 port-to-port pairings. This gives