Harpex Container Index stalls

The Harpex Index of container ship rates is retreating. Failure of support at 600 would warn of another test of the 2010 low. The index, calculated by Harper Petersen ship brokers, reflects international demand for container vessels and is a useful measure of international trade in light manufactured goods. Falling international trade would have the greatest impact on export-oriented Asian markets like China, Taiwan, Japan and South Korea.

Harpex Container Ship Index