The Freightos Baltic Index was launched in 2019 as a result of a collaboration between Freightos, a digital freight marketplace, and the Baltic Exchange, a maritime market information provider. It was created to offer transparent and reliable data on global container shipping rates, addressing the need for standardized benchmarks in the logistics industry.
Freightos Baltic Index
The Freightos Baltic Index (FBX) is a daily freight rate index that tracks and benchmarks global container shipping prices. It provides real-time data on shipping costs across various trade lanes, offering transparency and insights into market trends for shippers, carriers, and logistics professionals.
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About Freightos Baltic Index
Strengths of the Freightos Baltic Index include its real-time data provision, comprehensive coverage of major trade lanes, and enhanced market transparency. Weaknesses may involve reliance on reported data, which can be subject to variability. Competitors include the Shanghai Containerized Freight Index (SCFI) and the Drewry World Container Index (WCI), which also provide insights into global shipping rates.
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How to hire a Freightos Baltic Index expert
A Freightos Baltic Index expert must possess strong data analysis skills to interpret and leverage shipping rate data effectively. Proficiency in data visualization tools is essential for presenting insights clearly. Knowledge of global trade lanes and container shipping dynamics is critical. Familiarity with logistics software and platforms, as well as the ability to work with large datasets, is also important for effective analysis and reporting.
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