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. Main Characteristics of Capitalist Economies
    Economics

    Main Characteristics of Capitalist Economies

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center