What is global container freight rate index?
What is global container freight rate index?
The World Container Index is an index developed by Drewry, one of the most reputed research, advisory and consulting service providers for the shipping and maritime industry. Drawing upon its expertise and accumulated data, Drewry publishes the WCI, covering the Spot market freight rates on a weekly basis.
What is the index for container shipping?
The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,475 per 40ft container, which is $5,006 higher than the five-year average of $3,469 per 40ft container.
What is FBX Global container Index?
Save FBX Global Container Index FBX stands for Freightos Baltic Index, a series of indices compiled by Freightos and the Baltic Exchange. They measure the daily, 40-foot container rates by freight forwarders for 12 main shipping routes through Asia, Europe, and the Americas.
What does the World container Index measure?
The World Container Index (WCI) is the premium resource for frequent, independent container market data. The WCI provides weekly assessments of container freight rates, daily forward price estimates and a bank of historical price movements.
What is FEU shipping?
FEU is an acronym used in logistics, which means ‘Forty Equipment Unit’.
How is CBM calculated for shipping?
The CBM formula is a simple calculation – it’s the product of: quantity of items * length * width * height. If your shipment has different sized items, simply repeat the formula for each size and add up the volumes.
What is Drewry’s composite World container index?
The World Container Index assessed by Drewry reports actual spot container freight rates for major East West trade routes. The Index consists of 8 route-specific indices representing individual shipping routes and a composite index. All indices are reported in USD per 40ft Container.
What is FBX freight?
FBX stands for Freightos Baltic Index. It is the leading international Freight Rate Index, in cooperation with the Baltic Exchange, providing market rates for 40′ containers (FEUs).
How is FBX calculated?
FBX is calculated using the Buy Rates Ocean Carriers offer to large Freight Forwarders, or NVOCCs, or large shippers (BCOs) who are using the Freightos Applications*. FBX calculation includes only tariff prices offered by Carriers to large Freight Forwarders.
What is in an FBX file?
FBX files store all the data for complete animation scenes. This data includes bones, meshes, lighting, camera, and geometry. Eventually, FLM was adapted to support visualization of 3D data, such as characters in scenes. The program was later renamed FilmBox, with the file extension FBX.
What is TEU in shipping?
TEU is an acronym used in logistics, which means ‘Twenty Equipment Unit’ or in other terms a ’20-foot container’.
What is Cass freight?
Since 1995, the Cass Freight Index® has been a trusted measure of the North American freight market. Our monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain indicators and the overall economy.
Why are freight rates so high?
Therefore, as the economy expands and demand exceeds supply (which we are seeing now), shipping prices increase to help manage demand for cargo space, and to cover costs from unprofitable periods when prices fall. Shipping prices are also particularly sensitive to changes in fuel prices.
What do TEU and FEU mean?
TEU is an acronym for Twenty Foot Equivalent Unit. FEU is an acronym for Forty Foot Equivalent Unit. Both are used to describe the size of a container.
How many TEU is a 40 HC?
Comparison – TEU and FEU
| Equipment | Size (L X W X H) | Volume |
|---|---|---|
| TEU | 20′ X 8′ X 8’6” | 33 CBM |
| FEU | 40′ X 8′ X 8’6” | 67 CBM |
| TEU REEFER | 20′ X 8′ X 8’6” | 27 CBM |
| FEU REEFER HC | 40′ X 8′ X 9’6” | 67.5 CBM |
How do you convert FEU to TEU?
A forty-foot container is regarded as two twenty-foot containers or 2 TEUs (sometimes referred to as FEU, Forty Foot Equivalent Unit). To calculate how many TEU a container is, just divide the actual length in feet by twenty.
How many CBM is 20FT container?
20FT and 40FT Containers
| Container Type | Internal Dimensions | Cubic Capacity |
|---|---|---|
| 20FT General | L – 5.89M W – 2.35M H – 2.36M | 33 CBM |
| 20FT High Cube | L – 5.89M W – 2.35M H – 2.69M | 37 CBM |
| 40FT General | L – 12.05M W – 2.35M H – 2.36M | 66 CBM |
| 40FT High Cube | L – 12.05M W – 2.35M H – 2.69M | 76 CBM |
How many CBM is a 40FT container?
What is the size of a 40 ft container?
| Dimensions | 2.38m x 2.35m x 12m |
|---|---|
| Total Volume | 67 cubic metres (cbm) |
| Estimated Loading Volume | 54-58cbm of cartons |
| Pallets in a 40ft container | 18 pallets (or 36 if <110cm high and double stacked) |
How many kg Makes 1 CBM?
EQUIVALENCE: 1 CBM = 333 KG.
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