HARPEX Shipping Index

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Time Charter Equivalent - TCE

    A shipping industry standard used to calculate the average daily ...
  2. Intermodal Freight

    Products and raw materials that are placed in a container that ...
  3. Dry Bulk Commodity

    A commodity which is shipped in large, unpackaged amounts. There ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy ...
  5. Freight Derivatives

    A financial instrument's value that is derived on the future ...
  6. Baltic Dry Index - BDI

    A shipping and trade index created by the London-based Baltic ...
Related Articles
  1. Consumer Confidence: A Killer Statistic
    Retirement

    Consumer Confidence: A Killer Statistic

  2. Leading Economic Indicators Predict ...
    Active Trading

    Leading Economic Indicators Predict ...

  3. The Baltic Dry Index: Evaluating An ...
    Economics

    The Baltic Dry Index: Evaluating An ...

  4. 4 Psychological Traps That Are Killing ...
    Active Trading Fundamentals

    4 Psychological Traps That Are Killing ...

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center