Rate levels continue to surge with the FBX composite index going above the USD 5000 level towards the end of May. This is compared to a pre-pandemic level below USD 1400. Even trades which had appeared to avoid the impact in 2020 have seen rates increase sharply in just the past few months. Examples abound …
The post FBX Index: Two new forces to decide rate development first appeared on Hellenic Shipping News Worldwide.