What is Drewry World container Index?

What is Drewry 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 the World container Index?

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.

How is the World container Index calculated?

Index values are calculated by taking the median price for all prices (to ignore the influence of outliers on active lanes) with weighting by carrier. 50 to 70 million price points are collected every month.

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 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.

What is FEU shipping?

FEU is an acronym used in logistics, which means ‘Forty Equipment Unit’.

How much has ocean freight increased 2021?

Ocean freight rates continue to set new highs in 2021 Ocean freight rates have soared greatly for all trade routes since September 2020 due to the ongoing impacts of the COVID-19 pandemic. The freight rates in August reached $10,174/FEU, an increase of 466% on the previous year.

Why are shipping rates so high?

The question remains: why is shipping so expensive in 2021? The primary reason for the sudden spike in the price of shipping is the world’s ongoing nemesis: COVID-19. The pandemic affected global supply chains in 2020, and shipping prices reflect that.

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.

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.

How are sea freight charges calculated?

The CBM factor used for ocean freight is 1 CBM = 1 ton. In this example, the actual ton weight is less than the volumetric weight (CBM) and hence, the ocean freight charges are calculated based on the CBM.

How many tonnes are in 1 TEU?

Logistics and shipping companies normally load up to 24000 kilograms (24 metric tons) of cargo in a TEU. An empty container of this size weighs 2280 kilograms (2.24 metric tons). Hence the total weight of a fully laden twenty-foot container will be 26280 kilograms (26.28 metric tons).

How many TEU are in 40 HC?

A forty foot container is regarded as two twenty foot containers or 2 TEU (sometimes referred to as FEU, Forty Foot Equivalent Unit).

How many kg is a TEU?

1 TEU is twenty-foot equivalent unit = 20 feet (6,1 meters) long x 8 feet (2,4 meters) wide x 8,5 feet (2,6 meters) high. With a maximum load of 23.600 Kg.

What is the coyote curve?

The Coyote Curve is our proprietary spot rate index built with data from over 10,000 daily shipments. To make the best use of the forecast, it’s helpful to know how the trucking industry works.

What is Cass Linehaul Index?

The Cass Truckload Linehaul Index® is a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials.

What is the Cass expenditure index?

Cass Freight Index: Expenditures (FRGEXPUSM649NCIS) Download