FBX Index November 2024: Navigating Shifting Dynamics in Global Trade

Capt. John
  • Asia-to-Europe spot rates strengthen amid robust demand and increased capacity.
  • Pacific trade remains subdued, with declining rates to the US West Coast.
  • Operational reliability stagnates, with 51.5% of vessels arriving on time.
  • New alliance networks to launch in February 2025, causing short-term disruptions.
  • Tariff announcements by President-elect Trump trigger preemptive cargo shifts.

According to the Baltic Exchange, the freight market at the close of November 2024 reflects a mixed set of...

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