The FBX12 global ocean freight container pricing index measures 40′ container prices across key port pairs from Northern Europe to China/East Asia. 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.
Check out this week's Freightos Update with the latest on tariffs, labor disruptions and signs of a start to Lunar New Year demand increases for European and Mediterranean shippers.
The UK is considering expanding its emissions trading scheme (ETS) to include deep-sea shipping, which could close a loophole currently being exploited by carriers to avoid higher EU ETS charges. This could impact shipping routes and potentially lead to increased congestion at UK ports.
The Houthi militia has launched a new wave of attacks on shipping in the Red Sea, targeting US naval vessels and commercial ships. This latest attack highlights the ongoing security risks in the region and the challenges faced by the shipping industry.
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Which ports are included in FBX12?
| North Europe Ports: | China/East Asia Ports: | |
| BEANR – Antwerp DEBRV – Bremerhaven DEHAM – Hamburg FRLEH – Le Havre GBFXT – Felixstowe GBSOU – Southampton NLRTM – Rotterdam |
CNNGB – Ningbo CNSHA – Shanghai CNYTN – Yantian HKHKG – Hong Kong JPUKB – Kobe KRPUS – Busan S. Korea SGSIN – Singapore TWKHH – Kaohsiung Taiwan VNVUT – Vung Tau |
How is FBX12 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 FBX12 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.
