Xeneta increases its data coverage by 161% in 2017
Xeneta has shown its commitment to provide users with the world’s most comprehensive real-time overview of ocean freight rates by increasing its data coverage by 161% in the last year alone. The Oslo-headquartered benchmarking and market intelligence platform now crowd sources 45 million data points from a community of over 700 leading businesses, covering more than 160,000 port to port pairings, the company said in its press release.
The result is, according to Xeneta CEO Patrik Berglund, unparalleled insight into the constantly fluctuating ocean freight rate market.
In addition to the data collection drive, Xeneta has also unveiled a new user interface to cater for its customers’ evolving needs.
Developed over the course of the last year, the new application offers a range of benefits, including: the addition of feeder rates from/to smaller European and Asian ports; the ability to directly compare, and understand the relationship between, spot and long-term markets in one graph; the addition of rates for refrigerated containers and tanks; increased data handling capability; and, amongst other things, the ability to bookmark and save pages to share insights with colleagues.
Xeneta launched from its Oslo base in 2012 and has since gone on to open offices in Hamburg and Boston, US. It now offers the world’s largest database of contracted ocean rates.
Xeneta is the leading ocean freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s easy-to-use yet powerful reporting and analytics platform provides shippers and freight forwarders the software data they need to compare their shipping prices against the world's largest database of contracted rates – reporting live on market average and low/high movements. Xeneta’s data comprises of over 45 million contracted dry container rates and covers over 160,000 global trade routes optimizing companies’ container rates procurement. Xeneta is a privately held company and is headquartered in Oslo, Norway.