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Quantitative Finance · Glossary

What is Route index?

Definition 11.4 Markets III: Commodities, Energy and Crypto · Chapter 11 — Freight, Weather and Other Corners

A route index is a daily assessment, by a panel of shipbrokers under an index provider’s rules, of the rate for a standard ship on a standard route, in dollars per tonne or per day; indices for several routes are averaged into a basket (for Capesize bulk carriers, a weighted average of five time-charter routes).

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