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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.
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).
Shipping rates have fallen sharply this year as the pandemic-induced scramble for shipping and the resulting spike in costs has peaked, according to experts. Shipping rates plunge as experts say ...
The Drake is part of the most voluminous ocean current in the world, with up to 5,300 million cubic feet flowing per second. Squeezed into the narrow passage, the current increases, traveling west ...
Here's how to avoid shipping headaches and added fees. Christmas 2023 shipping deadlines: What you need to know about USPS, UPS, FedEx times Skip to main content