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Tags Freightos Baltic Index (FBX)

Tag: Freightos Baltic Index (FBX)

West Coast ocean rates slide on easing demand, increasing capacity

Ocean rates out of Asia were stable last week for most lanes, with prices remaining at about their mid-July highs for the year. But reports...

Ocean rates continue to ease post-Lunar New Year: Freightos analysis

Hostilities in the Red Sea intensified last week, and included the first seafarer casualties. But with most container traffic already avoiding the Suez Canal, demand...

FBX sinks to pre-pandemic levels, SCFI roughens up

The Freightos Baltic Index (FBX) sunk to US$1,297 breaching the psychological mark of US$1,300 on the downside as per the latest quote on 23...

US West Coast port deal eases strike tensions as SCFI and FBX indices follow WCI

The closure of the past week saw two strings of activities on either side of the globe. The US West Coast Port union strike...

Is it time for container spot rates to arrest their fall?

It has been a norm for the Global Container Spot Rate Indices to have weekly falls in rates, one after the other, ever since...

Rise in vessel speeds will increase GHG emissions

Demand for cargo on major trade lanes has increased substantially and the returns to the shipping lines and vessel owners have also increased with...

Booming Atlantic rates could see new services

Rumours of a new express Transatlantic service operated by COSCO Shipping out of Piraeus to New York will be no surprise as demand has...

Transpac rates hit US$17k as Ever Given effect plays out

Transpacific rates are once again flying high with eastbound volumes hitting the stratosphere with a US$17,000/FEU rate hitting the top rate for this week. Rates...

Shipping lines anticipate another bumper year

Ocean operators are expecting an increase in their income this year as first quarter income looks set to boost returns and demand for capacity...

Thirty-five-day Lunar NY set in motion

Staff from factories and truck drivers in China have ignored incentives to work through the Chinese New Year and have headed home for the...
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