Another record month for global shipping index

GLOBAL-SHIPPING-INDEX

The global XSI shipping rose again in August to 453.2 points, yet another a new record. This was up by 4.1% from July 2022 and 121.2% from August 2021. On some major trades, rates for new long-term contracts are dropping, but not enough to counteract the effects of expiring long-term contracts with considerably lower rates.

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