The HARPEX shipping index

The definition of the HARPEX shipping index’

The HARPEX shipping index is an index of a container ship the ship brokers Harper Petersen and Co. The HARPEX shipping index tracks weekly container shipping rate changes the market of chartering of eight classes of all-container ships. The index was compiled in 2004, but by using a database of 10,000 records, can be calculated retrospectively, in 1986.

Index of destruction ‘HARPEX shipping’

The HARPEX index is a suitable indicator of global economic fleet activity, because it tracks changes in freight rates for container ships over broad categories. This figure differs slightly from the better known Baltic dry index, which tracks the cost of freight of dry cargo vessels, which usually carry bulk cargoes and raw materials such as coal, ore and grain.

Similar to the Baltic exchange, Harper Petersen collects information from its members. Instead of using sea routes as the unit of analysis, HARPEX scales average daily rate by eight size classes of vessels in order to formulate its index.

International trade is a Central element of the global economy; the United States increasingly turns to foreign suppliers for many consumer goods, as domestic production. Many studies of international trade focus only the start and finish line of the supply chain, without thinking about how the product will arrive at its final destination. A closer look at the logistics of the history of competition and innovation, which is complex and dynamic network of moving vehicles the vast majority of goods traded across oceans. A number of documents the index of the two main sectors of marine transportation of dry bulk and container cargo — and are believed to foretell broader production and commercial development.

The vessel containing the dry Bulk General transporting a single load type. Ships container, for comparison, usually transporterowych a wide range of finished products — the adoption of measures such as the HARPEX shipping Index more flexible for measuring global trade.

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