# FBX Index March: Looking forward

> Container freight markets were supported by pandemic-related congestion and a sharp rise in transpacific rates, with FBX01 up 6.16% from late February to early March 2022. Brent crude spot approached $140 on March 8, pushing bunker adjustment factors higher. Sanctions on Russia are also shifting Northern European transhipment demand.

- Date: 2022-03-10 · published 2022-03-10T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11761-fbx-index-march-looking-forward
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher bunker costs and container rates lift the cost of imported feed ingredients and freight. Sanctions-driven rerouting adds uncertainty to Baltic and European shipping flows that feed buyers rely on.

## Read by commodity

- BRENT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-08-28 | [Oil markets roiled as Harvey hits US petroleum industry](https://feedsoft.ai/events/69604-oil-markets-roiled-as-harvey-hits-us-petroleum-industry.md) | +1.1% | +10.3% |
| BRENT | 2025-12-14 | [Global shipping rates surge to multi-year highs, raising costs for oil, LNG](https://feedsoft.ai/events/16900-global-shipping-rates-surge-to-multi-year-highs-raising-costs-for-oil-lng.md) | -1.1% | +8.0% |
| BRENT | 2022-03-08 | [Soaring bunker prices could hasten 'return to normal' for liner trades - The Loadstar](https://feedsoft.ai/events/11762-soaring-bunker-prices-could-hasten-return-to-normal-for-liner-trades-the.md) | -13.8% | -14.5% |
| BRENT | 2019-04-25 | [Brent Oil Hits $75 For First Time in 2019 as Russian Exports Cut](https://feedsoft.ai/events/9609-brent-oil-hits-75-for-first-time-in-2019-as-russian-exports-cut.md) | -2.7% | -3.5% |
| BRENT | 2021-03-24 | [Factbox: Suez Canal blockage sends ripples through global commodity markets](https://feedsoft.ai/events/48032-factbox-suez-canal-blockage-sends-ripples-through-global-commodity-markets.md) | +5.5% | +7.1% |

## Sources

- balticexchange.com: https://www.balticexchange.com/en/news-and-events/news/guest-column/2022/fbx-index-Mar-22-looking-forward.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.