• 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 October 22

15:34 Nornickel’s Polar Transportation Division carried 2.4 million tonnes of cargo in navigation season 2018
15:10 ESPO congratulates Port of Valencia, Ports of Bremen, Port of Moerdijk and Port of Tangier for renewing Ecoports’ Environmental Standard
14:17 Sovcomflot named a finalist in four different categories of 2018 Lloyd’s List Global Awards
13:55 Onezhsky Shipyard delivered ice-class buoy tender named Fortuna
13:23 Pavilion Energy and BW ink deal for long-term charter of two Singapore-flagged LNG newbuilds
12:58 Average wholesale prices for М-100 HFO down to RUB 21,455 in RF spot market
12:36 LUKOIL BoD recommends interim dividend amount
12:13 Bunker sales at the port of Singapore in 9M’18 down 1.5% Y-o-Y to 37.46 million tonnes
11:51 Power of gender diversity on the agenda at Seatrade Maritime Middle East
11:32 Container throughput of port Hong Kong (China) down 5.6% to 14.69 million TEUs in Jan-Sep’18
11:09 Abu Dhabi Ports collaborates with MSC Mediterranean Shipping Company on international blockchain solution Silsal
10:50 Port of Singapore throughput in 9M’18 grew by 0.9% Y-o-Y to 470.49 million tonnes
10:28 Brent Crude futures price up 0.69% to $80.34, Light Sweet Crude – up 0.68% to $69.76
10:09 NYK PCTC receives special award from the Association for Rescue at Sea
09:47 STLC to obtain additional RUB 5.9 billion of federal subsidies in 2018
09:15 Baltic Dry Index is up to 1,765 points
09:06 ABS awards AIP to HHI’s standardized FPSO topside
08:08 DP World, UAE Region wins Terminal Operator of the Year at Maritime Standards Awards
06:22 ABS awards AIP to HHI’s deepwater FLNG hull

2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform
16:48 Finland’s Water Transport Act aims to improve safety and increases preparedness for the future
16:26 World’s largest LNG bunker supply vessel “Kairos” started its voyage to Europe
16:04 KN will motivate its employees with the company's shares
15:42 New Falck training centre on the Maasvlakte officially openes
15:20 Seimas members visiting Klaipėda discussed benefits provided by LNG terminal
14:59 Ukraine plans dredging of 16.33 million cbm of material in 2019
14:37 UN agencies delivering on maritime security
14:15 Hapag-Lloyd starts new Red Sea service
14:00 Atomflot: shipments from Arctic LNG and Yamal LNG to be assisted by diesel and gas powered icebreakers
13:31 MOL's newbuilt LNG carrier "MARVEL EAGLE" to transport LNG from Cameron project in U.S.
13:11 NIBULON Shipbuilding and Repair Yard launches POSS-115 Project tug
13:05 BigLift Barentsz sails Northern Sea route for Pioneering Spirit
12:48 Glavgosexpertiza approves reconstruction of KSK grain terminal to increase its capacity to 4 million tonnes
12:22 Q&A with ImageSat International released ahead of SMi’s 4th annual Maritime Reconnaissance and Surveillance Technology conference
12:05 FESCO wins tender for supplying Indian Research Stations in Antarctica in 2019
11:43 Competition for designing and construction of LNG-powered icebreaker to be announced in late 2018 - early 2019
11:20 North Sea Giant turns to The Switch EBL technology
10:54 NOVATEK to place four FLNG facilities on the Northern Sea Route
10:31 RF Navy’s major amphibious ship Ivan Gren enters North Sea
10:07 Port of Vancouver closes 2018 cruise season
09:56 Brent Crude futures price up 0.4% to $79.61, Light Sweet Crude – up 0.35% to $68.89
09:38 Tackling maritime emissions - IMO rolls out ship and port toolkits
09:29 Expert forecasts more favorable ice situation on Northern Sea Route for 30 years ahead
09:15 Baltic Dry Index is up to 1,565 points
09:07 Hapag-Lloyd, CMA-CGM and COSCO enhance GEM service - covering Mediterranean with the Middle East / ISC
08:37 Samskip launches Netherlands-Italy multimodal rail service
08:07 SEA\LNG submits open comment on the draft supplemental environmental impact statement for Puget Sound LNG facility