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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 ...
English: Container ship charter rates, 2000-2010, in U.S. dollars per 14-ton-slot per day. Data from page 86 of (UNCTAD) United Nations Conference on Trade and Development (2010) Review of Maritime Transport, 2010 (PDF), New York and Geneva: United Nations ISBN : 978-92-1-112810-9 .
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]
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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