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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.
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.
When demand is higher than capacity, carriers have the negotiating power for rates. Outbound Tender Volumes (OTVI.USA) are on a 6-week upward trajectory after spending most of 2019 below 2018 levels.
In April 2018, Freightos launched a daily containerized index, called the Freightos Baltic Exchange Index. [16] 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.
Freight costs are soaring amid Red Sea tensions, sending shipping stocks higher. ... BofA analysts raised their price target on stock traded in Denmark from 8,800 to 15,100 Danish kroner, which is ...
The exchange provides daily freight market prices and maritime shipping cost indices which are used to guide freight traders as to the current level of various global shipping markets, as well as being used to set freight contract rates and settle freight futures (known as Forward Freight Agreements or FFAs).
FFAs are built on an index composed of a shipping route for tanker or a basket of routes for dry bulk, contracts are traded ‘over the counter’ on a principal-to-principal basis and can be cleared through a clearing house. Freight futures contracts settle over the average price of spot freight during the corresponding month.
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