Cleartrade Exchange and Drewry have partnered to launch the World Container Index, Mondovisione reports. The new offering will be used by physical and derivative market participants to manage freight risk.
The index, which will be assessed by Drewry, will report individual market prices on East-West container shipping routes. The index will be available to all users of the container freight market, including shippers, carriers, forwarders, banks, brokers and clearing house.
Click here for the story from Mondovisione.