SHIFEX is a ocean spot freight rate index generated by the Digital forwarding and supply chain platform Shifl for container shipments.
Methodology
SHIFEX is based on actual freight quotations and shipments handled by Shifl with various carriers between Chinese base ports and the US West Coast and US East Coast ports.
The ports covered by SHIFEX are
- Shanghai/Ningbo/Yantian – Los Angeles/Long Beach
- Shanghai/Ningbo/Yantian – New York/Newark
SHIFEX covers
- Dry general purpose container shipments and does not include reefer, OOG or any other special container types
-
Freight All Kinds (FAK) and includes ocean freight rates and surcharges including but not limited to commonly charged by the carriers, namely
- BAF (Bunker and/or Emergency Bunker Adjustment Factor)
- CAF (Currency Adjustment Factor)
- ISPS (International Security Port Surcharge)
- Carrier Security Surcharge
- AMF (Automated Manifest Fee)
- PCS (Port congestion surcharge)
- PSS (Peak Season Surcharge)
- Port to Port movement and does not include any intermodal movement
Terms of use
SHIFEX is provided by Shifl on an “as is basis” as a free service for information and purposes of benchmarking of freight rates. The rates tracked and indexed are correct and true to the best of our knowledge and Shifl does not accept any liability or does not make any warranty, expressed or implied, regarding the accuracy, reliability, or correctness of the index.
While the rates are accurate and reliable, Shifl is not responsible for any errors and/or omissions due to any human, mechanical or technological errors in the creation of this index including calculation errors, data overlaps, incorrect surcharges or other criteria which may render the rates incorrect.
Shifl does not make any warranties, expressed, or implied in terms of the accuracy, usability, comprehensiveness, authenticity of SHIFEX and users should verify the index before using it.