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The index measures global container freight rates [4] by calculating spot rates for 40-foot containers on 12 global tradelanes. [5] It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether. The FBX is currently one of the most widely used freight rate indices. [6]
Global Container Freight Index July 2019 - December 2021. Container Freight Swap Agreements are a financial futures contract that allow for hedging and speculating against the volatility of seaborne, intermodal container box-rates.
The Drewry World Container Index's spot rate for a 40-foot container was $2,629 as of Thursday, 75% below the pandemic peak of $10,377 in September 2021 and lowest since May 2024.
Baltic Dry Index 1985 - 2022. The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
Online market Freightos, a global freight booking platform, has added a benchmark pricing index for airfreight alongside its daily composite of 40-foot container shipping rates known as the ...
This is widely used as an indicator of global container prices. [ 17 ] [ 18 ] In 2021 Freightos launched the Freightos Air Index (FAX) of air cargo rates. In September 2018, Freightos announced a $44.4 million Series C funding round, led by the Singapore Exchange and together with previous investors, including Aleph and More VC. [ 19 ]
The Freightos Baltic Index is an example of an index that is published daily showing the global container freight rates. The industry is known to have been targeted by scams , particularly in the form of Ponzi schemes .
Global Container Freight Index, July 2019 – August 2022. In 2021, as a consequence of the COVID-19 pandemic and, later, the ongoing 2022 Russian invasion of Ukraine, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns. Causes of the economic slowdown included workers becoming sick with COVID ...
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