Container Shipping Rates Continues to Fall in June, but Will They Rise in July?

Oslo, Norway (June 27, 2013) — The market index for Asia to North-Europe is still on the decline, the average for a 20ft saw a 19% drop since 26th of May compared to the 26th of June reports Xeneta (www.xeneta.com), the price comparison service for sea freight. The market average for a 40ft in Asia to North-Europe performed similar with […]

Shipping Rates Continue to Plummet in May

Oslo, Norway (May 24, 2013) —Xeneta (www.xeneta.com), the price comparison service for sea freight, reveals that the average container freight rates from Asia to North-Europe continues to drop to $2,352 per 40ft container and $1,359 per 20ft, last tracked on the 24th of May. Due to overcapacity and various economic turmoil in the market, the market index for 40ft has […]

Xeneta Pioneers Transparency for Shipping Rates, Raises €1.2m ($1.56 m) in Funding

Oslo, Norway (April 11, 2013) —Xeneta (www.xeneta.com), a price comparison service for sea freight, today announced that it has received €1.2m in institutional financing. The round was led by Stockholm based venture capital firm Creandum (www.creandum.com) with Norwegian private investment company Alden co-investing. Using the principle of crowdsourcing, Xeneta delivers transparency to an industry burdened with supply chain complexity and […]