The FBX14 global ocean freight container pricing index measures 40′ container prices across key port pairs from China/East Asia to the Mediterranean. This index is created and maintained in collaboration with the Baltic Exchange. Key ports in the index include Barcelona (BCN) and Piraeus (PIR) in the Mediterranean and Shanghai (PVG) and Ningbo (NGB) in China.
Common goods on this Suez Canal tradelane include olive oil, wine, textiles, and luxury items.
High energy prices hurting rail and intermodal operators in France could lead to halting of services.
Ocean imports expected to drop further in the beginning of 2023 but remain above 2019 levels.
Hapag-Lloyd CEO expects rates to decrease on inventory correction, but not crash.
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Which ports are included in FBX14?
|Mediterranean Ports:||China/East Asia Ports:|
|EGPSD – Port Said
ESALG – Algeciras
ESBCN – Barcelona
ESVLC – Valencia
FRFOS – Marseilles/Fos Sur Mer
GRPIR – Piraeus
ILASH – Ashdod
ITGIT – Gioia Tauro
ITGOA – Genova
ITSPE – La Spezia
MTMAR – Malta Freeport
TRAMR – Ambarli
TRIZT – Izmit
|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 FBX14 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 FBX14 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.