With little sign of change ahead, this will be a challenging year for the carriers, says Xeneta in its latest update.

"Global demand has fallen away, congestion has eased, equipment is available, and the macro-economic and geopolitical situations are, to say the least, complex." Patrik Berglund, CEO, Xeneta

The XSI for the U.S. imports fell 15.8% from December - the fastest m-o-m decline of the sub-index on record and the fourth month in a row in which it has declined.

The XSI for exports out of the Far East had the largest m-o-m drop, falling by 18.1 percent in January. Compared to a year ago, it is up by 41 percent

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