News / Baltic Exchange teams with Freightos to launch new freight index

© Ml12nan

The bellwether Shanghai Containerized Freight Index (SCFI), which has found prominence in the trend in container liner shipping from long-term contract to short-term and spot business, is facing a challenge from an index audited by the Baltic Exchange.

London’s Baltic Exchange, which was acquired by the Singapore Exchange in 2016, has teamed up with online freight rate benchmarking platform Freightos to launch a global container freight index covering the major tradelanes of the world.

The FBX Global Container Index ...