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The Freightos Baltic Index ( FBX) (also sometimes known as the Freightos Baltic Daily Index [1] or Freightos Baltic Global Container Index [2]) is a daily freight container index issued by the Baltic Exchange [3] and Freightos. The index measures global container freight rates [4] by calculating spot rates for 40-foot containers on 12 global ...
Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers, or ISO containers ). [ 1] Containerization, also referred as container stuffing or container loading, is the process of unitization of cargoes in exports.
From 2008 to 2009, new container ship prices dropped by 19–33%, while prices for 10-year-old container ships dropped by 47–69%. [64] In March 2010, the average price for a geared 500-TEU container ship was $10 million, while gearless ships of 6,500 and 12,000 TEU averaged prices of $74 million and $105 million respectively. [ 65 ]
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. In September 2018, Freightos announced a $44.4 million dollar Series C funding round, led by the Singapore Exchange and together with previous investors, including Aleph and More VC. [16]
Online market Freightos, a global freight booking platform, has added a benchmark pricing index for airfreight alongside its daily composite of 40-foot container shipping rates known as the ...
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.
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