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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.
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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.
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Search results for 'HARPEX Shipping Index'
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http://stocks.investopedia.com/stock-analysis/2010/Asias-Thirst-For-Commodities-A-Boon-For-Shippers-SEA-TGH-TXT-ANW-TAL0901.aspx
... The Baltic Dry Index has recovered from is recession lows and the HARPEX shipping
index, which measures the price to ship containers, has also rallied over the ...
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