HARPEX Shipping Index


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.


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.

  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. Baltic Dry Index - BDI

    A shipping and trade index created by the London-based Baltic ...
  5. Freight Derivatives

    A financial instrument's value that is derived on the future ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy ...
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