The FBX01 global ocean freight container pricing index measures 40′ container prices across key port pairs from China and East Asia to North America’s West Coast. This index is created and maintained in collaboration with the Baltic Exchange. Key ports in the index include Shanghai (PVG) and Ningbo (NGB) in China and Los Angeles (LAX) and Chicago (ORD) in the United States.
The ongoing US-China trade war, marked by high tariffs and order cancellations, is causing a sharp drop in sailings and cargo volumes, particularly from China to the US, raising concerns about empty shelves, higher prices, and potential supply chain paralysis.
Expected very high waves of 9.63ft/2.93m near the port of Oakland, United States (USOAK) on May 03, 2025.
CMA CGM identifies new ship deliveries, potential Suez Canal reopening, and US tariff impacts as key factors shaping the container shipping sector in 2025, expecting global container volumes to grow by 3% alongside GDP. The company reported a 2% rise in net profit to $5.7 billion and an 18% increase in revenue to $55.5 billion for 2024.
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Which ports are included in FBX01?
| China/East Asia Ports: | North America West Coast Ports: |
| CNNGB – Ningbo CNSHA – Shanghai CNYTN – Yantian HKHKG – Hong Kong JPUKB – Kobe KRPUS – Busan S. Korea SGSIN – Singapore TWKHH – Kaohsiung Taiwan VNVUT – Vung Tau |
CAVAN – Vancouver USLAX – Los Angeles USLGB – Long Beach USOAK – Oakland USSEA – Seattle USTIW – Tacoma |
How is FBX01 calculated?
Prices used in the index are rolling short term Freight All Kind (FAK) spot tariffs and related surcharges between carriers, freight forwarders and high-volume shippers. Index values are calculated by taking the median price for all prices (to ignore the influence of outliers on active lanes) with weighting by carrier. 50 to 70 million price points are collected every month. The daily freight rate index is published in a “sliding window” containing the relevant data that are effective and not expired from 00:00 UTC on the day before publication to 24:00 UTC on the day of publication, meaning 48 hours in total starting from 00:00 yesterday. Only rates created or modified within the last 3 months and valid during those 48 hours will be included (in practice on most trade lanes rates are volatile and almost all rates are much newer than 3 months). Rates are calculated at 06:00 UTC and published at 14:00 UTC. The weekly freight index is calculated as an average of the five business days from the same week and published each Friday.
Which other trade lanes does FBX cover?
Can I source FBX01 data?
FBX data is available to subscribers on the Freightos website and via Thomson Reuters Eikon or Bloomberg screens. It is also updated weekly on the JOC’s Market Data portal, pulled weekly into TI Insight’s GSCi market intelligence platform. Besides viewing charts, you can download csv files or png charts. If you are a journalist, analyst, or armchair logistics buff, contact [email protected] if you’re interested in a CSV version of data.
