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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).
Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986; [9] though by 4 February 2009 it had recovered a little lost ground, back to 1,316. [10] These low rates moved dangerously close to the combined operating costs of vessels, fuel, and crews. [11] [12]
The table lists volume in thousands of TEU per year. 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 ...
Prices are typically different between the two legs of a voyage, for example the Asia-U.S. rates have been significantly higher than the return U.S.-Asia rates in recent years. [60] Generally, from the fourth quarter of 2008 through the third quarter of 2009, both the volume of container cargo and freight rates have dropped sharply. [60]
But in an interview with Time magazine, which named him person of the year for 2024, ... when ocean container shipping market rates spiked more than 70% in 2018 after he announced new tariffs ...
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.
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