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The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
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.
According to Drewry’s World Container Index (WCI), spot rates on the Shanghai-New York leg were down 3% week on week, to $5,761 per 40ft, but Shanghai-Los Angeles was down 5% week on week to $5,071 per 40ft. The Xeneta XSI transpacific route also declined 2.5% to $5,489 per 40ft.
In April 2018, Freightos launched a daily containerized index, called the Freightos Baltic Exchange Index. [13] This is widely used as an indicator of global container prices. [ 14 ] [ 15 ] In 2021 Freightos launched the Freightos Air Index (FAX) of air cargo rates.
A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck , ship , train , aircraft ), the weight of the cargo, and the distance to the delivery destination.
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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