London's Baltic Exchange has launched its first ever daily boxship freight rate index as it continues to try to make headway in a crowded market.
The exchange, better known in the bulker, tanker and gas carrier spheres, has teamed up with partner Freightos, a freight marketplace, for the service which tracks spot numbers for 40-foot boxes.
It promises "real-time, transparent price discovery and risk mitigation" through the Freightos Baltic Index (FBX).
