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Hello Friend,

The global economy is heading towards a dark and unknown territory as we get ready to welcome the new year.

Over the past year, the air freight market has been a rollercoaster ride with fluctuating rates. The ocean freight market has also witnessed a year of incredible change, from sky-high rates on short and long-term markets and global congestion to plummeting spot rates.

In this special edition, we are sharing some key nuggets based on Xeneta data to help you prepare and strengthen your market position in 2023.

PS: Don't miss out on two exciting new announcements!

Keep reading to learn more!

Team Xeneta

What's New?

Launching Carbon Emissions Index (CEI) | New Product Alert

A transparent solution for building more sustainable freight buying and selling processes

In partnership with Marine Benchmark, the Carbon Emissions Index (CEI) is a first-of-its-kind data solution, showing you the carbon intensity of the world's leading carriers across 13 main global trade lanes. Based on actual cargo load from real sailings, this is the only accurate picture of carrier emissions on the market.

Learn more

State of the Ocean Freight Market Webinar | November 2022

Ocean freight rates and trends outlook for 2023

Amidst the cost-of-living crisis, Xeneta experts anticipate negative demand for dry containers in 2023. High inflation and energy prices will eat into western consumers' purchasing power, leaving less money to spend on containerized imported goods.

Tune in to the latest episode of our flagship State of the Ocean Market webinar to hear what you should take away from 2022 to best prepare for a strong 2023!

Watch the full episode now

Top Reads

Xeneta Shipping Index (XSI®) Contract Market | November 2022

Sharp decline for long-term ocean freight rates signals “an end to record-breaking quarters” for carriers

Long-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The latest data from the Xeneta Shipping Index (XSI®) indicates that global rates fell by 5.7%.

Market shifts are on the horizon as the global economy meets headwinds

As port congestion eases, it can be expected that schedule reliability will improve. This will increase confidence levels among shippers and therefore reduce the need for air freight. So, there will be a trend of a modal shift away from the air back to the less-costly ocean shipping option. Read more.

Top Charts

State of the Air Freight Market Webinar | December 2022

General air cargo demand fell for a 9th consecutive month in Nov, but the decline slows

Changes in air cargo rates are less diverse among top corridors, compared to ocean

Airlines saw demand drop 2% month-over-month in November as general airfreight volumes dipped for a ninth consecutive month. Freight forwarders are taking a 'wait and see' approach before making long-term air cargo capacity commitments. Watch this year's final webinar for the big fat air freight wrap-up to learn more about what's on the horizon for 2023. Watch the full webinar now.

Did you miss our podcast? If yes, then we have good news for you. We are back with an insightful and fun episode of our popular Transportation Insights podcast series. Don't forget to subscribe for future episodes!

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