FBX Index May: Looking forward | Hellenic Shipping News Worldwide
FBX Index May: Looking forward April saw (in the words of Maersk in its 2021 guidance) an above normal level of volatility, extended on the back of the Suez blockage. Transpacific rates fluctuated throughout, pushing up FBX01 Q221 value from $3,375 (FIS 14 January Report) up to $4,700 (FIS 27 April 2021) report – a 39.25% increase even after an apparent stabilisation of rates after the surge that began in May/June 2020 on the back of narrow capacity and surging demand. Levels on the trans-Pacific routes for Q221 have continued to fluctuate from mid-April onwards, as FBX01 shed value and sub...
Source: hellenicshippingnews.com
