Freight Index provides an estimate of current ocean freight rates at a sector level. This information allows you to benchmark your spot and contracted rates.
We identified key sectors for exports from the Indian subcontinent. For each of the top ports in these sectors, we track spot rates on a weekly basis. Using this diverse spot rate information, we construct a freight index.
You can use the freight index to benchmark the procurements and contracts that you work on a day-to-day basis. The freight index will also help you forecast freight budgets for shorter durations.
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