The Maritime
Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%Dry Bulk Freight Index3,056▲ +4.4%Capesize5,033▲ +6.3%Dirty Tanker Index2,801▼ -0.1%Panamax2,246▲ +3.7%Supramax1,643▲ +0.1%Clean Tanker Index1,353▲ +0.0%Handysize880▲ +0.3%
Maritime Dictionary

Spot Rate

Cargo & Trade

Meaning

Definition

The current market price for chartering a vessel or shipping cargo for immediate or near-term loading, as opposed to long-term contract rates. Spot rates are highly volatile and reflect real-time supply and demand conditions in the freight market.

Related Terms

See Also

Freight RateBaltic Dry IndexVoyage Charter
Back to Dictionary