Xeneta: long-term contracted ocean freight rates climbed by 7% in March


The March increase pushed the hike in shipping price to 96.7% year-on-year. The rise, revealed in the latest Xeneta Shipping Index Public Indices for the contract market, further boosts the coffers of leading carriers, with Evergreen the latest name to disclose record annual revenues of US$17.67B (a fourfold increase on 2020)

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