Long-term contracted ocean freight rates climbed by 7% in March, pushing shipping prices up 96.7% year-on-year. The rise, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, further boosts the coffers of leading carriers, with Evergreen the latest name to disclose record annual revenues of USD 17.67bn (a fourfold increase …
The post Long-term ocean freight rates up almost 100% year-on-year first appeared on Hellenic Shipping News Worldwide.