Independent journal on economy and transport policy
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The Xeneta Shipping Index records a record-breaking percentage change in long-term maritime noli
In May the increase was 30.1% percent and on a year-on-year basis growth was +150,6 percent
May 31, 2022
"This is a staggering development," said Patrik Berglund, the CEO of Xeneta, in a statement. Just last month we were detecting an increase of 11% percent and we wondered how such continued gains were possible. Now we are witnessing a monthly increase of almost a third that makes clean Square of the previous XSI records. The fabulous rate increases reflect the strong rise in the average of all valid long-term contracts, given that older contracts, with lower noli, expire and are replaced by newer deals with much more noli elevated ". These contracts, in fact, generally start in May and expire in April.
Xeneta said in May 2022 the most significant increase was recorded in import tariffs in the United States, which marked a 65.1% percent and +205,4 percent change in percentage points. Also accentuated (+ 9.9%) is the joint change in the US export. As for Europe, in May the long-term noli for imports showed a 11.3% percent rise and a year-on-year increase of +122,0 percent, while those for exports marked the most marked monthly leap ever with a + 27.6% and with a growth of +138,3% on May 2021. The imports and exports of the Far East have marked record rate increases of 17.4% and 35.4% of the relevant indices respectively, with trend changes resulting in 57.1% and +174,8%.
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"This is a staggering development," said Patrik Berglund, the CEO of Xeneta, in a statement. Just last month we were detecting an increase of 11% percent and we wondered how such continued gains were possible. Now we are witnessing a monthly increase of almost a third that makes clean Square of the previous XSI records. The fabulous rate increases reflect the strong rise in the average of all valid long-term contracts, given that older contracts, with lower noli, expire and are replaced by newer deals with much more noli elevated ". These contracts, in fact, generally start in May and expire in April. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
