• 2018 June 6 15:42

    Xeneta data powers DNB Markets forecasting model, keeping customers ahead of the market on Maersk

    DNB Markets has developed an ‘earning’s crystal ball’ by working with Xeneta, the leading global ocean freight benchmarking and market intelligence platform. The investment bank has tapped into Xeneta’s up to the minute long- and short-term ocean freight rate data to accurately forecast the earnings of Maersk, the world’s largest global shipping line, before they are released to the public.

    Xeneta, which crowd-sources shipping data from more than 700 leading international businesses, has built a database of over 55 million contracted rates, covering 160,000 global port-to-port pairings. This, according to Nicolay Dyvik, Head of Shipping Research, DNB Markets, sheds light on the complex container shipping market, allowing his team to glean unique insights and make informed recommendations to customers seeking to buy and sell stock.

    DNB Markets, part of DNB, one of the largest financial institutions in the Nordics and a key provider of maritime equity research, utilized Xeneta’s data to build a model that accurately predicted Maersk’s latest earnings. It works by estimating average container rates across relevant global corridors, before weighting those averages to produce an overall average rate. Changes in this figure can then predict Maersk’s actual reported rates, allowing for detailed forecasts of revenue, profit and, ultimately, share price.

    The Xeneta based model showed a close correlation with the firm’s actual reported rates within the period, with an R2 (financial performance measurement) of 0.93.

    “We are constantly looking for data that can have true market impact,” Dyvik explains, adding: “ Xeneta is the only source that provides this for container freight. It delivers detailed, global coverage of both long and short-term rates, allowing us to provide research that accurately predicts changes in earnings for shipping lines.

    “Having looked at all data providers available, we are very happy to have finally found one accurate and broad enough to provide value to our clients.”

    Xeneta CEO Patrik Berglund comments: “It is our mission to provide total rate transparency, allowing users to make intelligence-based decisions that give them a competitive edge. We are now an established name within the shipping, carrier and freight forwarder segments, where customers know that we help them get the best value for their assets and services. Therefore it’s pleasing to see how our data is now being used within new sectors, such as financial research, to accurately analyze and predict performance.

    “We see this as a clear indication that we are the most up-to-date, comprehensive and trusted provider of ocean freight rate data and intelligence in the market. It is now our aim to build on that position and add an even greater depth of data, from our ever-expanding community of contributors, to unlock further insight and value for anyone looking to understand the complex and fast-moving world of freight rates.”

    Xeneta, which was last month named as a Cool Vendor in Supply Chain Execution 2018 by acclaimed technology research firm Gartner, Inc., is headquartered in Oslo, Norway, with regional offices in New York and Hamburg. The firm has recently moved into air freight in a bid to help customers generate optimal value from negotiations in a segment that shares ocean freight’s rate volatility.

    About Xeneta
    Xeneta is the leading ocean freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behavior – reporting live on market average and low/high movements for both short and long-term contracts. Xeneta’s data is comprised of over 55 million contracted container rates and covers over 160,000 global trade routes. Xeneta is a privately held company with headquarters in Oslo, Norway and regional offices in New York and Hamburg.




2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk
13:02 Wärtsilä equipped Canadian ferry will have minimal environmental impact
12:16 Damen Shipyards Galati celebrates 125 years
12:09 Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
12:03 Boskalis presents half-year results and terminates loss-making low-end transport activities
11:59 Port of Oakland container volume up 3.6 percent in July 2018
11:45 Rolls-Royce launches new battery system for ships
10:58 DP World revenue up 14.4% in H1 2018
10:57 VARD secures contract for one autonomous and electric-driven container vessel for YARA
09:39 EU NAVFOR mission operation commander visits Spanish MPRA in Djibouti
09:21 Baltic Dry Index gains to 1725 points

2018 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker
15:04 Rosrybolovstvo looks into building a series of three RVs as from 2020
15:04 Concordia Maritime AB announces interim report for H1 2018
14:12 Multipurpose Reloading Complex spends over RUB 600,000 on employee benefits and rewards programme
13:20 Konecranes to deliver more electric RTGs to Luka Koper in Slovenia
13:02 Join Marinet Conference at SMM 2018, Hamburg
12:32 Prime Minister Dmitry Medvedev gives green light to NLR construction project
12:01 WW Ocean presents new-look trade maps resembling public transit maps
11:15 Port of Vancouver posts H1 2018 results
10:41 Aker Solutions wins orders for Liuhua power umbilical systems in China
10:21 Nor-Shipping 2019 devotes entire hall to new focus on Blue Economy
10:05 Crude oil futures drop 0.22% to $72.3 in London and 0.48% to $66.72 in New York
09:29 Bunker prices at Port of St. Petersburg show mixed movements

2018 August 14

18:30 Hapag-Lloyd annonces General Rate Increase from East Asia to USA and Canada
18:12 FE Railways' loaded freight in Jan-Jul up 2% to 28.2 million tonnes
18:07 Hapag-Lloyd changes terminals at Genoa on its MPS service
17:47 British Ports Association launch Sustainable Development Resolution
17:45 Euro Tank Terminal extends jetty at the port of Rotterdam
17:31 MEYER WERFT holds float out procedure for cruise ship for AIDA Cruises
17:29 APM Terminals launches online customer platform in Bahrain
17:27 MED MARINE delivers a 24m ASD Tug from Turkey to Estonia
16:24 Offshore installation vessel starts work on Belgium’s largest offshore wind farm
15:44 Logistec Corporation declares quarterly drvidends on shares
15:21 Vessel Performance Optimisation Forum Singapore initial speakers announced
15:02 Danaos Corporation announces closing of comprehensive debt refinancing
14:16 Sea Port St. Petersburg earmarked over $337,000 for bonus and social responsibility programmes
14:13 TTS Group ASA secures new contracts for access equipment and cranes for two reefer vessels
14:06 Ports of Primorsk and Ust-Luga support green shipping, to implement incentives for LNG-powered ships as from August 15, 2018
13:39 Bunker prices in Far East seaports edge down