Freightos Baltic Index Moves -0.8% as Contract Season Opens

Summary

The Freightos Baltic Index (FBX) moved -0.8% week-on-week as the transpacific contract season opened. FBX01 (China-East Asia to North America West Coast) held near $2640 and FBX03 (to North Europe) near $2290. Freightos said shippers were weighing committed space against a soft spot market.