The FBX11 global ocean freight container pricing index measures 40′ container prices across key port pairs from China/East Asia to Northern Europe. 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 Rotterdam (RTM) and Hamburg (HAM) in Europe.
The Port of Rotterdam in the Netherlands is one of the key gateways for trade between China and North Europe. Common goods traded on this trade lane include electronics, machinery, textiles, and consumer products.
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Which ports are included in FBX11?
|China/East Asia Ports:||North Europe Ports:|
|CNNGB – Ningbo
CNSHA – Shanghai
CNYTN – Yantian
HKHKG – Hong Kong
JPUKB – Kobe
KRPUS – Busan S. Korea
SGSIN – Singapore
TWKHH – Kaohsiung Taiwan
VNVUT – Vung Tau
|BEANR – Antwerp
DEBRV – Bremerhaven
DEHAM – Hamburg
FRLEH – Le Havre
GBFXT – Felixstowe
GBSOU – Southampton
NLRTM – Rotterdam
How is FBX11 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?
|There are twelve trade lanes covered by the Freightos Baltic Index. They are:|
Can I source FBX11 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.