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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).
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.
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1] It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains, and trucks.
set terminal svg enhanced font "Sans" size 600 600 set output "container-ship-prices.svg" set title "Container ship prices" set samples 1001 # high quality set border 31 linewidth.3 # thin border set ylabel "Price (Million USD)" set xlabel "Year" set xtics rotate set key inside top left plot 'container-prices.txt' using 1: 2 with linesp lt 1 lc 1 title "New, geared, 500TEU", \ 'container ...
The Port of Felixstowe, in Felixstowe, Suffolk, is the United Kingdom's largest container port, [1] dealing with 48% of Britain's containerised trade. [2] [3] In 2017, it was ranked as 43rd busiest container port in the world and 8th in Europe, with a handled traffic of 3.85 million twenty-foot equivalent units (TEU). [4]
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A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Shipping containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated boxes .
The vast majority of containers moved by large, ocean-faring container ships are 20-foot (1 TEU) and 40-foot (2 TEU) ISO-standard shipping containers, with 40-foot units outnumbering 20-foot units to such an extent that the actual number of containers moved is between 55%–60% of the number of TEUs counted. [1]
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