Drewry freight index to start in September

Tuesday, July 19, 2011

Drewry Shipping Consultants and Cleartrade Exchange plan to start their Europe-based container freight rate index in September, the companies said this week. Drewry and Cleartrade in early May announced plans for such an exchange, covering 11 trade routes. They have dubbed it the World Container Index 'The index will provide a new and important facility for the global market to hedge their freight rate risk and see major improvements in forward price discovery thr...

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