Freightos Baltic Index
The Freightos Baltic Index is a daily freight container index issued by the Baltic Exchange and Freightos. The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes. It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether. The FBX is currently one of the most widely used freight rate indices.
History
The Freightos International Freight Index was first launched as a weekly freight index in early 2017. The Freightos Baltic Index has been in wide use since 2018. 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. The index is calculated from real-time anonymized data. As of February 2020, 50 to 70 million price points were collected by the FBX each month. The FBX was converted into a daily index in February 2021.Calculation
12 regional tradelane indices are first calculated. The weighted average of these 12 indices is then used to obtain the FBX Global Container Index. The formulas given below are in use as of October 2020. Note that the FBX calculating formula is updated periodically, with the last update issued in mid-2021.Tradelane index
The FBX tradelanes are calculated using the median port to port all-in freight rate. This median price is calculated for standard 40-foot containers that are not refrigerated.The tradelane index is calculated as follows.
Where:
- = tradelane value
- = carriers
- = carrier volumes on the tradelane
- = the median price for carriers on the tradelane
List of tradelanes
FBX Global Container Index
The FBX Global Container Index is a weighted average of 12 regional tradelane indices. It is calculated as follows.Where:
- = the 12 regional tradelanes indices
- = respectives volumes of the 12 regional tradelanes indices