Freightos Pallet Container Calculator interface for optimizing international shipping space

Stability in a Volatile Market: Index Linked Ocean Contracts

Feb 17
|
10:00
ET

Logtech Resource

Ocean freight is an intrinsically volatile market. Whether from recent examples like the Red Sea crisis and the pandemic, or recurring drivers like peak season congestion or periods of overcapacity, ocean contracts continually experience breaches or expensive renegotiations exactly when they are needed most. 

Findings from Freightos surveys of BCOs and forwarders in 2021 and again in late 2023 demonstrate this trend. The surveys also showed widespread BCO attempts to adjust their contracting behavior as a result, demonstrating that the industry is hungry for better contracts. At the same time, more reliable rate indices are enabling index-linked contracts and derivatives for container freight – tools already widely used in other industries to provide reliability and manage risk. 

Join us for our upcoming webinar exploring this topic on Monday, February 17th at 10:00 ET which will include:

  • Anton Barr, VP Market Data at Freightos, showing how developments in digitalized freight rate visibility are helping BCOs benchmark and track spot and contract rates, as well as use specialized tools for index-linking.  
  • Judah Levine, Freightos Head of Research, presenting the key findings from this recent research.
  • Bjorn Vang Jensen, EVP Ocean at Easy Speed International Logistics sharing insights from his experience with index-linked contracts, how they work and the benefits gained.

Speakers

Judah Levine presenting at Freightos Global Freight Outlook webinar September 2024

Judah Levine

Freightos Head of Research

Bjorn Vang Jensen

EVP Ocean at Easy Speed International Logistics

Anton Barr

VP Market Data at Freightos

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Dive deeper into freight data that matters

Stay in the know in the now with instant freight data reporting for your ports and lanes.

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