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HARPEX Shipping Index

Source: Investopedia
This Article has been Edited for Accessibility

HARPEX Shipping Index

What is 'HARPEX Shipping Index'

The container ship index of ship brokers Harper Petersen & Co. The HARPEX Shipping Index tracks weekly container shipping rate changes in the time charter market for 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 back to 1986.

Explaining 'HARPEX Shipping Index'

The HARPEX index is considered a suitable indicator of global economic fleet shipping activity since it tracks changes in freight rates for container ships over broad categories. This index is slightly different than the better-known Baltic Dry Index that tracks freight costs for dry bulk ships that usually carry bulk cargoes and raw materials such as coal, ore and grain.


Additional Resources

  1. Oligopoly In International Commodity Markets [economics.yale.edu]
  2. Oil Prices And Maritime Freight Rates: An Empirical ... [citeseerx.ist.psu.edu]
  3. Transportation Costs And Us Manufacturing Fdi [epublications.marquette.edu]