Freightos Baltic Index Moves +0.7% as Contract Season Opens

Summary

The Freightos Baltic Index (FBX) moved +0.7% week-on-week as the transpacific contract season opened. FBX01 (China-East Asia to North America West Coast) held near $2690 and FBX03 (to North Europe) near $2340. Freightos said shippers were weighing committed space against a soft spot market.