Knowledge (XXG)

Freightos Baltic Index

Source 📝

88:
12 regional tradelane indices are first calculated. The weighted average of these 12 indices is then usd to obtain the FBX Global Container Index (FBX). The formulas given below are in use as of October 2020. Note that the FBX calculating formula is updated periodically, with the last update issued
248: 892: 475: 1090: 64:
The Freightos International Freight Index was first launched as a weekly freight index in early 2017. The Freightos Baltic Index has been in wide use since 2018. It is currently the only
1017: 956: 1235: 395: 334: 1115: 521: 69: 1023:
The FBX prices used are rolling short-term Freight All Kind (FAK) spot tariffs and related surcharges between carriers, freight forwarders, and high-volume shippers.
109: 541: 273: 1341: 785: 1396: 73: 1236:"Baltic Exchange and Freightos Group Unleash Shipping Market Visibility With First Daily Container Freight Index | Hellenic Shipping News Worldwide" 48:
for 40-foot containers on 12 global tradelanes. It is reported around the world as a proxy for shipping stocks, and is a general shipping market
1209: 1133: 1057: 1158: 1389: 780:
The FBX Global Container Index (FBX) is a weighted average of 12 regional tradelane indices. It is calculated as follows.
1586: 1369: 402: 1314: 546:
For reference, a list of the 12 tradelanes used in the index calculations is also provided in the section below.
963: 902: 1581: 1576: 1382: 341: 280: 101:. This median price (freight rate) is calculated for standard 40-foot containers that are not refrigerated. 480: 1473: 1405: 1342:"Africa the big loser as global liner patterns shift to focus on more profitable east-west tradelanes" 1184:"What are Freight Indexes and How Is Freightos Index Data Calculated? What Is a Freight Rate Index?" 1183: 1501: 80:
were collected by the FBX each month. The FBX was converted into a daily index in February 2021.
76:). The index is calculated from real-time anonymized data. As of February 2020, 50 to 70 million 243:{\displaystyle {\frac {\sum _{i=1}^{n}({median}(L,C_{i})\times V_{i})}{\sum _{i=1}^{n}(V_{i})}}} 1519: 1429: 1288: 1032: 1509: 1463: 33: 1545: 1434: 1419: 526: 258: 887:{\displaystyle {\frac {\sum _{i=1}^{12}(I_{i}\times V_{i})}{\sum _{i=1}^{12}(V_{i})}}} 1570: 1449: 1439: 1260: 1483: 1424: 1134:"Freightos | Global Freight Prices Soaring due to Container Shortages - knoema.com" 98: 72:-compliant freight index that is currently regulated by the EU (in particular, the 65: 53: 41: 633:
Freightos Baltic North America East Coast to China/East Asia 40' container index
616:
Freightos Baltic China/East Asia to North America East Coast 40' container index
599:
Freightos Baltic North America West Coast to China/East Asia 40' container index
582:
Freightos Baltic China/East Asia to North America West Coast 40' container index
1540: 1468: 77: 1491: 1458: 49: 1550: 1037: 45: 37: 1210:"Freightos unveils international freight price index, competing with SCFI" 1315:"Announcement: FBX01 and FBX03 Benchmark Upward Movement on 28 July 2021" 1116:"Baltic Exchange developing container shipping index in new market push" 766:
Freightos Baltic Europe to South America West Coast 40' container index
749:
Freightos Baltic Europe to South America East Coast 40' container index
735:
Freightos Baltic Europe to North America East Coast 40' container index
718:
Freightos Baltic North America East Coast to Europe 40' container index
1555: 97:
The FBX tradelanes are calculated using the median port to port all-in
1058:"Different container indexes, vastly different rates. Which is right?" 701:
Freightos Baltic Mediterranean to China/East Asia 40' container index
684:
Freightos Baltic China/East Asia to Mediterranean 40' container index
1514: 667:
Freightos Baltic North Europe to China/East Asia 40' container index
650:
Freightos Baltic China/East Asia to North Europe 40' container index
1091:"Guide to Freightos Baltic Global Container Index (FBX) (Version 2)" 1374: 1378: 1370:
Freightos Baltic Index (FBX): Global Container Freight Index
1019:= respectives volumes of the 12 regional tradelanes indices 966: 905: 788: 529: 483: 405: 344: 283: 261: 112: 1533: 1500: 1482: 1448: 1412: 52:. The FBX is currently one of the most widely used 32:) is a daily freight container index issued by the 1011: 950: 886: 535: 515: 469: 389: 328: 275:= tradelane value (rounded to the nearest integer) 267: 242: 746:Europe - South American East Coast 40' (EUR-SAE) 68:index that is issued daily, and is also the only 470:{\displaystyle {median}(L,C_{i},\cdots ,C_{j})} 104:The tradelane index is calculated as follows. 1390: 8: 1397: 1383: 1375: 1283: 1281: 1012:{\displaystyle V_{1},V_{2},\cdots ,V_{12}} 951:{\displaystyle I_{1},I_{2},\cdots ,I_{12}} 1003: 984: 971: 965: 942: 923: 910: 904: 872: 859: 848: 833: 820: 807: 796: 789: 787: 528: 507: 488: 482: 458: 439: 406: 404: 390:{\displaystyle V_{1},V_{2},\cdots ,V_{n}} 381: 362: 349: 343: 329:{\displaystyle C_{1},C_{2},\cdots ,C_{n}} 320: 301: 288: 282: 260: 228: 215: 204: 189: 173: 140: 131: 120: 113: 111: 74:European Securities and Markets Authority 553: 1085: 1083: 1081: 1079: 1049: 760:Europe – South American West Coast 40’ 30:Freightos Baltic Global Container Index 40:. The index measures global container 627:USA East Coast - China/East Asia 40' 610:China/East Asia - USA East Coast 40' 593:USA West Coast - China/East Asia 40' 576:China/East Asia - USA West Coast 40' 7: 958:= the 12 regional tradelanes indices 695:Mediterranean - China/East Asia 40' 678:China/East Asia - Mediterranean 40' 661:North Europe - China/East Asia 40' 644:China/East Asia - North Europe 40' 516:{\displaystyle C_{i},\cdots ,C_{j}} 397:= carrier volumes on the tradelane 14: 477:= the median price for carriers 1340:Boffey, David (4 August 2021). 24:) (also sometimes known as the 878: 865: 839: 813: 464: 426: 234: 221: 195: 179: 160: 137: 1: 1240:www.hellenicshippingnews.com 729:Europe - USA East Coast 40' 712:USA East Coast - Europe 40' 26:Freightos Baltic Daily Index 1603: 776:FBX Global Container Index 1163:Baltic Exchange Consumer 1289:"Insights into indices" 1525:Freightos Baltic Index 1013: 952: 888: 864: 812: 537: 517: 471: 391: 330: 269: 244: 220: 136: 18:Freightos Baltic Index 1014: 953: 889: 844: 792: 538: 518: 472: 392: 331: 270: 245: 200: 116: 964: 903: 786: 527: 481: 403: 342: 281: 259: 110: 1587:Economic indicators 1502:Freight derivatives 555: 1295:. 10 February 2020 1293:MarineTraffic Blog 1216:. 27 February 2017 1009: 948: 884: 554: 550:List of tradelanes 533: 513: 467: 387: 326: 265: 240: 1564: 1563: 1261:"Freightos Index" 1214:Supply Chain Dive 882: 773: 772: 536:{\displaystyle L} 523:on the tradelane 268:{\displaystyle L} 238: 1594: 1520:Baltic Dry Index 1430:Bareboat charter 1399: 1392: 1385: 1376: 1357: 1356: 1354: 1352: 1337: 1331: 1330: 1328: 1326: 1311: 1305: 1304: 1302: 1300: 1285: 1276: 1275: 1273: 1271: 1257: 1251: 1250: 1248: 1246: 1232: 1226: 1225: 1223: 1221: 1206: 1200: 1199: 1197: 1195: 1180: 1174: 1173: 1171: 1169: 1155: 1149: 1148: 1146: 1144: 1130: 1124: 1123: 1122:. 25 April 2018. 1112: 1106: 1105: 1103: 1101: 1095: 1087: 1074: 1073: 1071: 1069: 1054: 1033:Baltic Dry Index 1018: 1016: 1015: 1010: 1008: 1007: 989: 988: 976: 975: 957: 955: 954: 949: 947: 946: 928: 927: 915: 914: 893: 891: 890: 885: 883: 881: 877: 876: 863: 858: 842: 838: 837: 825: 824: 811: 806: 790: 556: 542: 540: 539: 534: 522: 520: 519: 514: 512: 511: 493: 492: 476: 474: 473: 468: 463: 462: 444: 443: 425: 396: 394: 393: 388: 386: 385: 367: 366: 354: 353: 335: 333: 332: 327: 325: 324: 306: 305: 293: 292: 274: 272: 271: 266: 249: 247: 246: 241: 239: 237: 233: 232: 219: 214: 198: 194: 193: 178: 177: 159: 135: 130: 114: 1602: 1601: 1597: 1596: 1595: 1593: 1592: 1591: 1582:Ship management 1577:Ship chartering 1567: 1566: 1565: 1560: 1529: 1510:Baltic Exchange 1496: 1478: 1444: 1413:Agreement types 1408: 1406:Ship chartering 1403: 1366: 1361: 1360: 1350: 1348: 1339: 1338: 1334: 1324: 1322: 1313: 1312: 1308: 1298: 1296: 1287: 1286: 1279: 1269: 1267: 1259: 1258: 1254: 1244: 1242: 1234: 1233: 1229: 1219: 1217: 1208: 1207: 1203: 1193: 1191: 1182: 1181: 1177: 1167: 1165: 1157: 1156: 1152: 1142: 1140: 1132: 1131: 1127: 1114: 1113: 1109: 1099: 1097: 1093: 1089: 1088: 1077: 1067: 1065: 1056: 1055: 1051: 1046: 1029: 999: 980: 967: 962: 961: 938: 919: 906: 901: 900: 868: 843: 829: 816: 791: 784: 783: 778: 552: 525: 524: 503: 484: 479: 478: 454: 435: 401: 400: 377: 358: 345: 340: 339: 316: 297: 284: 279: 278: 257: 256: 224: 199: 185: 169: 115: 108: 107: 95: 93:Tradelane index 86: 62: 44:by calculating 34:Baltic Exchange 12: 11: 5: 1600: 1598: 1590: 1589: 1584: 1579: 1569: 1568: 1562: 1561: 1559: 1558: 1553: 1548: 1546:Bill of lading 1543: 1537: 1535: 1534:Related topics 1531: 1530: 1528: 1527: 1522: 1517: 1512: 1506: 1504: 1498: 1497: 1495: 1494: 1488: 1486: 1480: 1479: 1477: 1476: 1471: 1466: 1461: 1455: 1453: 1446: 1445: 1443: 1442: 1437: 1435:Demise charter 1432: 1427: 1422: 1420:Voyage charter 1416: 1414: 1410: 1409: 1404: 1402: 1401: 1394: 1387: 1379: 1373: 1372: 1365: 1364:External links 1362: 1359: 1358: 1332: 1321:. 28 July 2021 1306: 1277: 1265:Container News 1252: 1227: 1201: 1190:. 13 July 2021 1175: 1150: 1125: 1107: 1075: 1064:. 29 July 2021 1048: 1047: 1045: 1042: 1041: 1040: 1035: 1028: 1025: 1021: 1020: 1006: 1002: 998: 995: 992: 987: 983: 979: 974: 970: 959: 945: 941: 937: 934: 931: 926: 922: 918: 913: 909: 880: 875: 871: 867: 862: 857: 854: 851: 847: 841: 836: 832: 828: 823: 819: 815: 810: 805: 802: 799: 795: 777: 774: 771: 770: 767: 764: 758: 754: 753: 750: 747: 744: 740: 739: 736: 733: 727: 723: 722: 719: 716: 710: 706: 705: 702: 699: 693: 689: 688: 685: 682: 676: 672: 671: 668: 665: 659: 655: 654: 651: 648: 642: 638: 637: 634: 631: 625: 621: 620: 617: 614: 608: 604: 603: 600: 597: 591: 587: 586: 583: 580: 574: 570: 569: 568:Weight in FBX 566: 563: 560: 551: 548: 544: 543: 532: 510: 506: 502: 499: 496: 491: 487: 466: 461: 457: 453: 450: 447: 442: 438: 434: 431: 428: 424: 421: 418: 415: 412: 409: 398: 384: 380: 376: 373: 370: 365: 361: 357: 352: 348: 337: 323: 319: 315: 312: 309: 304: 300: 296: 291: 287: 276: 264: 236: 231: 227: 223: 218: 213: 210: 207: 203: 197: 192: 188: 184: 181: 176: 172: 168: 165: 162: 158: 155: 152: 149: 146: 143: 139: 134: 129: 126: 123: 119: 94: 91: 85: 82: 61: 58: 13: 10: 9: 6: 4: 3: 2: 1599: 1588: 1585: 1583: 1580: 1578: 1575: 1574: 1572: 1557: 1554: 1552: 1549: 1547: 1544: 1542: 1539: 1538: 1536: 1532: 1526: 1523: 1521: 1518: 1516: 1513: 1511: 1508: 1507: 1505: 1503: 1499: 1493: 1490: 1489: 1487: 1485: 1484:Freight rates 1481: 1475: 1472: 1470: 1467: 1465: 1462: 1460: 1457: 1456: 1454: 1451: 1450:Charter-party 1447: 1441: 1440:Affreightment 1438: 1436: 1433: 1431: 1428: 1426: 1423: 1421: 1418: 1417: 1415: 1411: 1407: 1400: 1395: 1393: 1388: 1386: 1381: 1380: 1377: 1371: 1368: 1367: 1363: 1347: 1343: 1336: 1333: 1320: 1316: 1310: 1307: 1294: 1290: 1284: 1282: 1278: 1266: 1262: 1256: 1253: 1241: 1237: 1231: 1228: 1215: 1211: 1205: 1202: 1189: 1185: 1179: 1176: 1164: 1160: 1154: 1151: 1139: 1135: 1129: 1126: 1121: 1117: 1111: 1108: 1092: 1086: 1084: 1082: 1080: 1076: 1063: 1059: 1053: 1050: 1043: 1039: 1036: 1034: 1031: 1030: 1026: 1024: 1004: 1000: 996: 993: 990: 985: 981: 977: 972: 968: 960: 943: 939: 935: 932: 929: 924: 920: 916: 911: 907: 899: 898: 897: 894: 873: 869: 860: 855: 852: 849: 845: 834: 830: 826: 821: 817: 808: 803: 800: 797: 793: 781: 775: 768: 765: 763: 759: 756: 755: 751: 748: 745: 742: 741: 737: 734: 732: 728: 725: 724: 720: 717: 715: 711: 708: 707: 703: 700: 698: 694: 691: 690: 686: 683: 681: 677: 674: 673: 669: 666: 664: 660: 657: 656: 652: 649: 647: 643: 640: 639: 635: 632: 630: 626: 623: 622: 618: 615: 613: 609: 606: 605: 601: 598: 596: 592: 589: 588: 584: 581: 579: 575: 572: 571: 567: 564: 561: 558: 557: 549: 547: 530: 508: 504: 500: 497: 494: 489: 485: 459: 455: 451: 448: 445: 440: 436: 432: 429: 422: 419: 416: 413: 410: 407: 399: 382: 378: 374: 371: 368: 363: 359: 355: 350: 346: 338: 321: 317: 313: 310: 307: 302: 298: 294: 289: 285: 277: 262: 255: 254: 253: 250: 229: 225: 216: 211: 208: 205: 201: 190: 186: 182: 174: 170: 166: 163: 156: 153: 150: 147: 144: 141: 132: 127: 124: 121: 117: 105: 102: 100: 92: 90: 89:in mid-2021. 83: 81: 79: 75: 71: 67: 59: 57: 55: 51: 47: 43: 42:freight rates 39: 35: 31: 27: 23: 19: 1524: 1464:Ship-manager 1425:Time charter 1349:. Retrieved 1345: 1335: 1323:. Retrieved 1318: 1309: 1297:. Retrieved 1292: 1268:. Retrieved 1264: 1255: 1243:. Retrieved 1239: 1230: 1218:. Retrieved 1213: 1204: 1192:. Retrieved 1187: 1178: 1166:. Retrieved 1162: 1153: 1141:. Retrieved 1137: 1128: 1119: 1110: 1098:. Retrieved 1066:. Retrieved 1062:FreightWaves 1061: 1052: 1022: 895: 782: 779: 761: 730: 713: 696: 679: 662: 645: 628: 611: 594: 577: 545: 251: 106: 103: 99:freight rate 96: 87: 78:price points 66:freight rate 63: 54:freight rate 29: 25: 21: 17: 15: 1541:Tramp trade 1469:Ship-broker 1188:Credo Trans 1159:"Container" 562:Short Name 84:Calculation 1571:Categories 1492:Worldscale 1459:Ship-owner 1325:10 October 1220:10 October 1044:References 762:(EUR-SAW) 731:(EUR-NAE) 714:(NAE-EUR) 697:(EUR-CEA) 680:(CEA-EUR) 663:(EUR-CEA) 646:(CEA-EUR) 629:(NAE-CEA) 612:(CEA-NAE) 595:(NAW-CEA) 578:(CEA-NAW) 565:Long Name 336:= carriers 50:bellwether 46:spot rates 1551:Demurrage 1474:Charterer 1351:8 October 1346:Splash247 1319:Mailchimp 1299:8 October 1270:8 October 1245:8 October 1194:8 October 1168:8 October 1143:8 October 1100:7 October 1068:8 October 1038:Freightos 994:⋯ 933:⋯ 846:∑ 827:× 794:∑ 498:⋯ 449:⋯ 372:⋯ 311:⋯ 202:∑ 183:× 118:∑ 56:indices. 38:Freightos 1027:See also 1556:Laytime 1452:members 1120:Reuters 896:Where: 670:10.16% 653:17.26% 619:10.46% 585:20.30% 559:Ticker 252:Where: 60:History 1515:Imarex 1138:Knoema 1096:. 2020 769:2.76% 757:FBX26 752:1.77% 743:FBX24 738:5.50% 726:FBX22 721:2.67% 709:FBX21 704:5.31% 692:FBX14 687:9.02% 675:FBX13 658:FBX12 641:FBX11 636:5.03% 624:FBX04 607:FBX03 602:9.76% 590:FBX02 573:FBX01 1094:(PDF) 70:IOSCO 1353:2021 1327:2021 1301:2021 1272:2021 1247:2021 1222:2021 1196:2021 1170:2021 1145:2021 1102:2021 1070:2021 36:and 16:The 28:or 22:FBX 1573:: 1344:. 1317:. 1291:. 1280:^ 1263:. 1238:. 1212:. 1186:. 1161:. 1136:. 1118:. 1078:^ 1060:. 1005:12 944:12 861:12 809:12 1398:e 1391:t 1384:v 1355:. 1329:. 1303:. 1274:. 1249:. 1224:. 1198:. 1172:. 1147:. 1104:. 1072:. 1001:V 997:, 991:, 986:2 982:V 978:, 973:1 969:V 940:I 936:, 930:, 925:2 921:I 917:, 912:1 908:I 879:) 874:i 870:V 866:( 856:1 853:= 850:i 840:) 835:i 831:V 822:i 818:I 814:( 804:1 801:= 798:i 531:L 509:j 505:C 501:, 495:, 490:i 486:C 465:) 460:j 456:C 452:, 446:, 441:i 437:C 433:, 430:L 427:( 423:n 420:a 417:i 414:d 411:e 408:m 383:n 379:V 375:, 369:, 364:2 360:V 356:, 351:1 347:V 322:n 318:C 314:, 308:, 303:2 299:C 295:, 290:1 286:C 263:L 235:) 230:i 226:V 222:( 217:n 212:1 209:= 206:i 196:) 191:i 187:V 180:) 175:i 171:C 167:, 164:L 161:( 157:n 154:a 151:i 148:d 145:e 142:m 138:( 133:n 128:1 125:= 122:i 20:(

Index

Baltic Exchange
Freightos
freight rates
spot rates
bellwether
freight rate
freight rate
IOSCO
European Securities and Markets Authority
price points
freight rate
Baltic Dry Index
Freightos
"Different container indexes, vastly different rates. Which is right?"




"Guide to Freightos Baltic Global Container Index (FBX) (Version 2)"
"Baltic Exchange developing container shipping index in new market push"
"Freightos | Global Freight Prices Soaring due to Container Shortages - knoema.com"
"Container"
"What are Freight Indexes and How Is Freightos Index Data Calculated? What Is a Freight Rate Index?"
"Freightos unveils international freight price index, competing with SCFI"
"Baltic Exchange and Freightos Group Unleash Shipping Market Visibility With First Daily Container Freight Index | Hellenic Shipping News Worldwide"
"Freightos Index"


"Insights into indices"
"Announcement: FBX01 and FBX03 Benchmark Upward Movement on 28 July 2021"

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.