FBX Index May 2024: Market summary

Capt. John

The Freightos Baltic Global index fell 9% month-on-month in April to $2,384/FEU, as rates continued to ease from the pre-Lunar New Year and early Red Sea diversion-driven highs of January and February. As the decline has slowed, however, prices may be reaching their new floor as long as Red Sea...


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