More than 2/3rd Xeneta customers want to use index-linked contracts

Almost 76 percent of Xeneta customers recognise the value of Index Linked Container Contracts (ILCCs) and want to procure capacity in the future, primarily using ILLCs. "With the continuous fluctuation in the spot market recently, regular renegotiations can be cost and time deficient. This is where ILCCs are advantageous to shippers. Instead of having a fixed rate contract that needs to be renegotiated periodically, ILCCs can be automatically adjusted based on the set index," says an update from Xeneta.