The CAx may sometimes include erroneous data, calculation errors and may not be strictly representative of the container availability for any location. Make critical business decisions with confidence. We provide transparency and control, the cheapest price and the fastest transit time. The BFI, which initially consisted of 13 voyage routes covering cargoes from 14,000 mt of fertiliser up to 120,000 mt of coal, and no timecharter routes, was developed as a settlement mechanism for the newly-established Baltic International Freight Futures Exchange (BIFFEX) futures contract. As a result, the CAx values turn positive again as only the containers that enter a port can leave again. At very low CAx values the safety stock at a specific port is nearly empty. Check out sample report List of premium locations. Those costs add up. Freight Rates The CTS Global Aggregated Price Index. © Copyright Container News 2020, All Rights Reserved. Container Shipping Index In container shipping segment, there’s no such a unified index to use thoroughly as BDI. Changes may be periodically made to the information herein; these changes may or may not be incorporated in any new version of the publication. Type of price: it refers to the average final prices (volume weighted average prices) of space book on spot market by common shippers, which are not influenced by peculiarity of shippers’ enterprises or container volume. Container shipping benefits. In August 2020, the global container shipping throughput recorded an index value of 119.4, an increase from 114.7 in January 2020, but lower than … Deep dive into 10+ years of aggregated price indices and volume data. Make critical business decisions with confidence. The Platts Container Index, a weighted average of the spot freight cost on key container trade routes, was last assessed at $4,495.59/FEU -- more than 3.5 times higher than a year earlier. Monitor the availability of containers for better container repositioning and trading decisions. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG. The WCI provides weekly assessments of container freight rates, daily forward price estimates and a bank of historical price movements. The World Container Index’s Shanghai-Rotterdam container freight rate sub-index went from $2,654 per 40-foot container on March 29 to $3,408 per 40-foot container on April 5, a rise of $754 per feu. We are using cookies to give you the best experience on our website. The average China Containerized Freight Index (CCFI) stood at 2,134.37, up 2.9 percent from a week earlier, according to the exchange. Note on data: The prices listed above are a sample of sea based port-to-port cargo rates and costs from WorldFreightRates.com based on trips between the ports listed only! If you disable this cookie, we will not be able to save your preferences. New: From now on we display forecasts values for up to 4 weeks. Under no circumstances will xChange or any information provider be liable for any indirect, punitive, special, consequential or incidental damages. In conclusion, it’s fascinating to see that container shipping lines appear to actively manage fleet speeds to both manage fuel costs and vessel supply, as is evident from the strong relationship between the Refinitiv Average Fleet Speed and Freightos Baltic Index. Privacy Policy • Usage Terms. More information about our Terms & Conditions. The reefer containers onboard NYK Delhinus are currently not provided with electricity due to the unavailability of power supply aboard the vessel, which lost... A new partnership between Samskip, Unilever, and TMA Logistics is trialing the use of HVO100 fossil-free biofuels supplied by Schouten Olie B.V. by trucks... Pollution is feared to have been released from a burning container ship carrying 25 tonnes of nitric acid and other chemicals, following the outbreak... NYK Delphinus reefer cargo at risk following engine room fire, Samskip and partners aim for carbon-neutral haulage services, Cargo fire doused on X-Press Pearl off the Port of Colombo, By subscribing I accept the privacy rules of this site. We compare all available cargo delivery options at your request and arrange their transportation and insurance. Global XSI® for the long-term contract market reports continued rate escalation across all major global trade corridors. however, due to the possibility of human and mechanical error or other factors, xChange is not responsible for any errors or omissions. This means that every time you visit this website you will need to enable or disable cookies again. Shipments per year. The liner shipping bilateral connectivity index (LSBCI) is calculated from five components, including the number of transshipments required to trade and the connections available using one transshipment. The FBX is the only daily freight rate index and is also the only freight index that is IOSCO compliant and regulated by the EU. 2) DHL GlobalTrade Barometer Dec19, index value represents weighted average of current growth and upcoming two months of trade, a value at 50 is considered neutral, expanding above 50, and shrinking below 50. Powering strategic freight procurement at some of the world's leading companies. Please enable Strictly Necessary Cookies first so that we can save your preferences! Globally, the average cost to ship a 40-foot container shot up from $1,040 last June to $4,570 on March 1, according to S&P Global Platts. Deep dive into 10+ years of aggregated price indices and volume data. This index reflects the ocean freight and the associated seaborne surcharges of individual shipping routes on the spot market. Rigorous processes ensure the integrity of our data. A CAx value of 0.5 means that the same amount of containers leave and enter a port in the same week. The index tracks and shows the changes in pricing in the main lines for 40-foot-equivalent-unit (FEU) containers. The Freightos Baltic Index, a measure of container-freight rates in 12 important maritime lanes, has increased from $2,200 to $4,000 per container (see chart). However, … Shipping liners have tried to realign their containers with the demand on transpacific routes, and “due to the aggressive repositioning of empties back to China by the shipping lines, Chinese New Year stands to become the turning point of equipment shortage.” They are based on moves involving $50,000 worth of household goods and were accurate as of early 2019. BDI traces its history back to 4 January 1985, when The Baltic Exchange commenced publication of a daily freight index - the Baltic Freight Index (BFI), the predecessor of BDI. It quickly w… The CAx is the ratio between the surplus and the shortage of equipment per location using the demands and stocks information from the last 2 years. The World Container Index (WCI) is the premium resource for frequent, independent container market data. Ports of destination: the base ports were defined in each individual trade route. Usually, large consultant or broker companies compile their own indices. xChange shall not be liable in any way (whether for negligence, breach of contract, tort, or otherwise) to a user or to any other individual or entity for any unavailability, delays, inaccuracies, errors or omissions in the CAx or for any actions taken in reliance thereon or for any damages, whether in tort, contract or otherwise (unless due to willful tortious misconduct or gross negligence) arising therefrom, or occasioned thereby or by reason of nonperformance, omission, interruption, or termination, of the content or the website or service by which they are provided for any cause whatsoever. With container rates on some key routes currently four times higher than previous record highs, some cargo owners are seeking alternatives. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping LPG and LNG shipping ports and terminals as well as ocean freight cost benchmarks and procurement support and advisory services to logistics and ocean freight procurement teams. Low CAx values over a time period of multiple weeks indicate a deficit of containers, high values over a time period of multiple weeks indicate a surplus of equipment at a specific port. All warranties of any kind, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, timeliness, freedom from contamination by computer viruses and non-infringement of proprietary rights are disclaimed. Two-year spot freight rate trend for the World Container Index: Our detailed assessment for Thursday, 6 May 2021 The composite index increased 9.8% or $489 this week, and also, remains 278.4% higher than a year ago. You can find out more about which cookies we are using or switch them off in settings. Independent monthly price index. Shipping routes, which are major container trade routes export from Shanghai to the following regions: Europe, Mediterranean Sea, US west coast, US east coast, Persian Gulf, Australia/New Zealand, West Africa, South Africa, South America, West Japan, East Japan, Southeast Asia and Korea. The Index is designed to measure the performance of companies listed on global developed market exchanges within the maritime shipping industry. Port container traffic … The Shanghai Containerized Freight Index (SCFI) was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange. Dramatically Improve Your Ocean & Air Freight Procurement. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Container Shipping Rate for 4250 TEU Vessels: Wk of May 07 2021: 45000.00 USD: 5.88%: Container Shipping Rate for 6500 TEU Vessels: Wk of May 07 2021: 50000.00 USD: 4.17%: Container Shipping Rate for 700 TEU Vessels: Wk of May 07 2021: 10000.00 USD: 2.04%: Container Shipping Rate for 8500 TEU Vessels: Wk of May 07 2021: 57000.00 USD: 3.64%: … Information on all lines belonging to World Liner Data. We’ll give you an idea of shipping rates from around the world and explain how these costs are calculated. Rigorous processes ensure the … The CAI is a value between 0 and 1. 3) Drewry, in USD/40ft container, including BAF & THC both ends, 42 individual routes, excluding intra-Asia routes. the information is provided on an “as is” basis. Click here for the full list of container shipping rates from Australia. Keeping this cookie enabled helps us to improve our website. Container indices include the Shanghai Containerized Freight Index (SCFI), which was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange and published weekly; the Drewry Global Freight Rate Index (SONAR: WCI.GLOBCOMP ), also published weekly; and the Freightos Baltic Index (FBX). Shanghai Export Containerized Freight Index (SCFI) was officially launched as of October 16, 2009. The index level for Qingdao, for instance, returned to the 0.5 balanced mark, it said. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Ningbo Containerized Freight Index NCFI reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the changes of container freight rates of 21 routes departing from Ningbo- Zhoushan port, including composite index and 21 individual indices. Click here for CAx release notes and feel free to reach out to Florian anytime. Shipping one 40-foot container from China to Europe or the US West Coast now costs over USD8,000 and USD4,000, respectively, from well below USD2,000 a year ago, according to Freightos Baltic Index. Container Shipping Rates Chart Below is a port-to-port container shipping rates chart for cost ranges of common international shipping destinations (from Shanghai, China): You can view live international freight rates, prices and trends, updated daily from the world’s largest freight rate index on the Freightos Baltic Index (FBX). Container Availability Index (CAx) The container availability index indicates how likely it is to find containers in a specific location. The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia decreased by 1.1% to $1,575.97 per 40ft container this week (updated Thursday, 28 May 2020). A CAx value of 0.5 means that the same amount of containers leave and enter a … Drewry Shipping Consultants compiles the World Container Index, a composite of freight rates on eight major routes to/from the US, Europe and Asia. At very high equipment levels, CAx values are likely to decrease again as a port has to reduce its safety stock first before they can accept new incoming containers. World Container Index assessed by Drewry Drewry Shipping Consultants (www.drewry.co.uk) compiles the World Container Index, a composite of freight rates on eight major routes to/from the US, Europe and Asia.
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