The Freightos Baltic Global Index (FBX) dipped 11% month on month in May to $1,407/FEU. It is now 9% above 2019 levels, driven by transpacific rates receding from April’s GRI-fueled rise and transatlantic rates continuing their descent. Transpacific rates to the West Coast fell 23% to $1,309/FEU as they retreated from mid-April GRIs that succeeded …