HARPEX Shipping Index,
Definition of HARPEX Shipping Index:
An index that tracks worldwide international container shipping rates for eight classes of container ships. The index is tracked by ship brokers Harper Petersen & Co and was compiled in 2004, though records exist as far back as 1986. It is used as an indicator of global shipping activity, usually in conjunction with the better known Baltic Dry Index.
Meaning of HARPEX Shipping Index & HARPEX Shipping Index Definition