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Robert FitzRoy. Original release. 24 August 1867 (by telegraph) The Shipping Forecast is a BBC Radio broadcast of weather reports and forecasts for the seas around the British Isles. It is produced by the Met Office and broadcast by BBC Radio 4 on behalf of the Maritime and Coastguard Agency. The forecast dates back over 150 years.
The Ocean Prediction Center (OPC), established in 1995, is one of the National Centers for Environmental Prediction 's (NCEP's) original six service centers. [1] Until 2003, the name of the organization was the Marine Prediction Center. [2] Its origins are traced back to the sinking of the RMS Titanic in 1912.
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
Baltic Dry Index 1985 - 2022. The Baltic Dry Index ( BDI) is a shipping freight-cost index issued daily by the London -based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
"The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container import volume at the 10 largest U.S. seaports in May rose 12% ...
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
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The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
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