Another container freight rate platform designed to offer index-linked contracts to the freight market has gone live.

Xeneta Shipping Index (XSI) seeks to link shippers and liner operators into contracts that track the market, with the aspiration of reducing frequent contract negotiations.

XSI enters an increasingly crowded sector, with rival freight indices vying for space.

But Oslo-based Xeneta believes that shippers and lines will be attracted by its price-benchmarking data, which is cloud-sourced from 65 million contracted freight rates on 57 shipping corridors.