Freightos Baltic Index Moves +1.1% as Contract Season Opens

Summary

The Freightos Baltic Index (FBX) moved +1.1% week-on-week as the transpacific contract season opened. FBX01 (China-East Asia to North America West Coast) held near $2670 and FBX03 (to North Europe) near $2320. Freightos said shippers were weighing committed space against a soft spot market.