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THE HARPEX
The HARPEX (HARPER PETERSEN Charter Rates Index) is published by HARPER PETERSEN and reflects the worldwide price development on the charter market for container ships. The HARPEX was originally developed in 2004 data accumulated since 2001, adjusted in 2011 and 2017 in response to clients and users. The Charter Rates are assessed weekly for 6-12 months fixture periods on the basis of actual weekly fixtures reported and our own market assessment.
| HARPEX | Vessel Size in TEU - Rates in US$ | ||||||||||
| Index | 700 | 1100 | 1700 | 1800 | 2500 | 2700 | 3500 | 4250 | 6500 | 8500 | |
| 12-Apr-2024 | 1,230 | 8,000 | 9,500 | 13,500 | 15,250 | 17,500 | 18,000 | 24,000 | 26,500 | 39,000 | 50,000 |
| 05-Apr-2024 | 1,229 | 8,000 | 9,750 | 13,500 | 15,250 | 17,000 | 18,000 | 24,000 | 26,500 | 39,000 | 50,000 |
| 29-Mar-2024 | 1,220 | 8,000 | 9,750 | 13,000 | 15,000 | 17,000 | 17,500 | 24,000 | 26,000 | 39,000 | 50,000 |
| 22-Mar-2024 | 1,216 | 8,000 | 9,750 | 12,500 | 15,000 | 17,000 | 17,500 | 24,000 | 25,500 | 39,000 | 50,000 |
The full HARPEX Series is available by subscription. For further information, please contact us under: research@harperpetersen.com
Our HARPEX index was developed in 2004 with data accumulated since 2001. In 2011 and again in 2017 the HARPEX was adjusted to correctly reflect the current container charter market. While the adjustment in 2011 involved a shift in methodology from a stochastic model to a panel poll-based assessment, the change in 2017 incorporated two new ship classes.
Harper Petersen provides the index for each calendar week based on rate assessments for nine classes of ships. The assessments assume 6-12-Months charter periods and are based on actual weekly fixture reports of the container market as well as Haper Petersen’s own market assessment. The published charter rate levels are in US Dollars for the following size / specification of container ships.
700 teu gearless | abt 700 teu | abt 400@14t | abt 8400 dwt | abt 100 reefer | abt 17kn |
1100 teu geared | abt 1100 teu | abt 700@14t | abt 14000 dwt | abt 200 reefer | abt 19kn |
1700 teu geared | abt 1700 teu | abt 1300@14t | abt 23000 dwt | abt 300 reefer | abt 20kn |
| 1800 teu geared | abt 1800 teu | abt 1300@14t | abt 23000 dwt | abt 300 reefer | abt 18kn |
2500 teu geared | abt 2500 teu | abt 1850@14t | abt 34000 dwt | abt 300 reefer | abt 22kn |
2700 teu gearless | abt 2700 teu | abt 2100@14t | abt 37000 dwt | abt 300 reefer | abt 22kn |
3500 teu gearless | abt 3500 teu | abt 2400@14t | abt 42000 dwt | abt 300 reefer | abt 22kn |
4250 teu gearless | abt 4250 teu | abt 2800@14t | abt 50000 dwt | abt 400 reefer | abt 23kn |
6500 teu gearless | abt 6500 teu | abt 4900@14t | abt 82000 dwt | abt 500 reefer | abt 24kn |
8500 teu gearless | abt 8500 teu | abt 6350@14t | abt 100000 dwt | abt 700 reefer | abt 25kn |
The HARPEX in combination with published rates is a powerful research tool for our clients , providing them with following possibilities:
- Tracking the actual time charter rates for a particular size of ship over various periods.
- Comparing market fluctuations in different ship sizes to determine correlations over certain periods.
- Tracking of actual time charter rates for various sizes of ships as well as portraying their respective moving averages.
HARPEX is used by Refinitiv (ex Reuters), Macrobond and Haver as well as various analysts as market reference. Moreover, the HARPEX can be found in publications by the FED of Dallas, the OECD, and EUROSTAT.
If you have any questions about our HARPEX index or the data used, please do not hesitate to contact us at research@harperpetersen.com.