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So, marginal increases in demand can push the index higher quickly, and marginal demand decreases can cause the index to fall rapidly. e.g. "if you have 100 ships competing for 99 cargoes, rates go down, whereas if you've 99 ships competing for 100 cargoes, rates go up.
Global Container Freight Index, July 2019 – August 2022. In 2021, as a consequence of the COVID-19 pandemic and, later, the ongoing 2022 Russian invasion of Ukraine, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns.
And industry analysts and shipping companies predict shipping rates will continue to drop for the rest of the year and into 2023. Some large importers like Walmart decided to take matters into ...
6 Ocean Network Express (ONE) Japan: 1,809,846 232 6.3% [Note 6] Premier Alliance 7 Evergreen Marine Corporation Taiwan: 1,648,821 212 5.7% [Note 7] Ocean Alliance 8 HMM Co. Ltd. South Korea: 797,327 71 2.8% Premier Alliance 9 Yang Ming Marine Transport Corporation Taiwan: 708,591 94 2.5% Premier Alliance 10 Zim Integrated Shipping Services ...
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The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
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