Freightos Baltic Index for Container Freight Rates
Live international freight rates and trends from the world’s largest freight rate index. Select a route below to see routes and trends updated on a daily basis.
About the Freightos Baltic Index™: International Freight Rate Index
- What Data Does The Freightos Baltic Index Use?Unlike other freight indices, FBX are based on aggregated and anonymized real-time business data from global freight carriers, freight forwarders, and shippers that use the Freightos AcceleRate freight rate management platform. That’s why we believe our freight index to be the most accurate real-time representation of market rates available.
- Which Ports Represent Each Region?Global: This is a weighted average of the 12 underlying route indexes (includes backhaul for all lanes except for the two South American lanes). It is anticipated that this index might set the stage for future derivative financial instruments in the same way that the Baltic Index has. China/East Asia: CNSHA – Port of Shanghai CNNGB – Port of Ningbo HKHKG – Port of Hong Kong CNSZX – Port of Shenzhen CNCAN – Port of Guangzhou TWKHH – Port of Kaohsiung JPTYO – Port of Tokyo KRPUS – Port of Busan North America West Coast: USLGB – Port of Long Beach USLAX – Port of Los Angeles USTIW – Port of Tacoma USSEA – Port of Seattle USOAK – Port of Oakland CAVAN – Port of Vancouver North America East Coast: USEWR – Port of Newark USNYC – Port of New York USSAV – Port of Savannah USCHS – Port of Charleston CAMTR – Port of Montreal Europe: DEHAM – Port of Hamburg NLRTM – Port of Rotterdam GBFXT – Port of Felixstowe FRLEH – Port of Le Havre DEBRE – Port of Bremen BEANR – Port of Antwerp GBSOU – Port of Southampton Mediterranean: ESVLC – Port of Valencia ESALG – Port of Algeciras ESBCN – Port of Barcelona EGPSD – Port of Port Said GRPIR – Port of Piraeus TRAMB – Port of Ambarli MTMAR – Port of Malta Freeport ITGIT – Port of Gioia Tauro ITGOA – Port of Genova ILASH – Port of Ashdod South America East Coast: BRSSZ – Port of Santos ARBUE – Port of Buenos Aires UYMVD – Port of Montevideo BRPNG – Port of Paranagua South America West Coast: PECLL – Port of Callao ECGYE – Port of Guayaquil CLSAI – Port of San Antonio
- How Is Freightos Baltic Index Data 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. FBX index prices are published on Sundays for the prior week (Sunday through Saturday).
- How Is This Better Than The Shanghai Freight Index?The Shanghai Freight Index (SCFI) was created by the Chinese government in 2005 in order to improve logistics market efficiency. Operated by the Shanghai Shipping Exchange, the SCFI is an accessible benchmark to help both buyers and sellers easily see where market rates are currently located. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG. The SCFI relies on baskets of reported spot rates for export from Shanghai to 15 ports around the world. These rates include port-to-port charges and associated ocean surcharges, reported by the SCFI panelists, 20 carriers and 17 shippers or forwarders. Spot rates, representing some 25% of global bookings, are more volatile than contracted rates. That said, the industry does appear to be moving towards shorter contracts, together with an uptick in spot rates. FBX differs from the SCFI in a number of core respects: The data is aggregated and anonymized from live business databases with tens of millions of price points updated on a weekly basis. Freightos vast database provides more data points, enabling higher accuracy. FBX coverage includes core routes other than those coming from China. It’s absolutely free.
- Why Does Freightos Provide The Freightos Baltic Index For Free?While the annual cost/seat for most freight indices is in the thousands of dollars, we’ve opted to release the data into the wild. Freightos passionately believes that transparency empowers the global logistics industry, and created Freightos Baltic Index to help make the market more efficient.
- Can I Source Freightos Baltic Index Data?FBX data is available to subscribers on the Baltic Exchange website, via the Freightos website and on Thomson Reuters Eikon screens. It is also updated weekly on the JOC’s Market Data portal, pulled weekly into TI Insight's GSCi market intelligence platform and is about to go live in Bloomberg. As well as viewing charts, you can download csv files or png charts. Usage of index data is permitted but requires attribution of the data to the Freightos Baltic Index. When using FBX charts or graphs, a link to the index is required as well. If you are a journalist, analyst, or armchair logistics buff, contact Freightos if you’re interested in a CSV version of data.
- What Shipping Modes Are Covered?While the Freightos marketplace and freight rate calculator include door-to-door estimates for both air and ocean, the Freightos Baltic Index currently only provides indices for ocean freight. Air freight rate indices will be added in the near future.
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