Baltic Exchange and Freightos to launch global container freight index

The Baltic Exchange and Freightos announced that the Freightos International Freight Index will be republished as the Freightos Baltic Indices yesterday at Singapore Maritime Week.

The index will reflect weekly spot rates for 40-foot containers based on 12 to 18 million price points collected every week on 12 main shipping trade lanes. This will also include a new headline index – the FBX Global Container Index(FBX) – a weighted average of the 12 underlying route indexes, while setting the stage for derivative financial instruments in the future.

The Baltic Exchange already provides daily assessments for the dry bulk, tanker and gas freight markets which are used widely in both the physical shipping markets and to settle Forward Freight Agreements (FFAs). Freightos market intelligence, fed by the world's largest freight rate database, is used by logistics services providers and supply chain organizations alike.

The Baltic Exchange is a trusted and independent body with a 274-year track-record of providing services to the bulk shipping industry and financial services, and a highly experienced manager of a diverse range of assessments for the maritime markets, backed by the Singapore Exchange (SGX), Asia's leading and trusted market infrastructure and one of the world's great derivative exchanges.

The FBX represents ocean freight prices, including all ocean surcharges (BAF, CAF, SCS, PCS, PSS, WRS). Market intelligence on port and inland charges are available separately. FBX is published weekly on Sundays and represents the price of the previous week (Sunday through Saturday). Prices used in the index are rolling short-term Freight All Kind (FAK) spot tariffs between carriers, freight forwarders and high-volume shippers.  Index values are calculated by taking the median price for all prices on active lanes with weighting by carrier. 50 to 70 million price points are collected every month.

FBX Global Container Index covers the following shipping lanes:

FBX01: China/East Asia to North America West Coast
FBX02: North America West Coast to China/East Asia
FBX03: China/East Asia to North America East Coast
FBX04: North America East Coast to China/East Asia
FBX11: China/East Asia to North Europe
FBX12: North Europe to China/East Asia
FBX13: China/East Asia to Mediterranean
FBX14: Mediterranean to China/East Asia
FBX21: North America East Coast to Europe
FBX22: Freightos Europe to North America East Coast China/East Asia
FBX24: Europe to South America East Coast
FBX26: Europe to South America West Coast

FBX is based on aggregated and anonymized real-time data from global carriers, forwarders and shippers that offer services on or use the Freightos AcceleRate freight rate management platform and have consented to this usage. is the digital platform for international freight which allows shippers to instantly compare and book freight quotes for air, ocean and truck movements, while managing shipments online. Freightos also provided automation and online sales channels for both carriers and forwarders

FBX data will be available to subscribers on the Baltic Exchange website, via the Freightos website and on Thomson Reuters Eikon screens.