Freight-rate benchmarking platform Xeneta is launching a daily index for the container market to counter "unreliable" indices and muscle in on the freight derivatives market.

The Oslo-based company has raised questions about the transparency of existing container freight rate benchmarks.

Its index will focus on short-term rates on eight routes in partnership with financial index provider Compass Financial Technologies.

"The unreliability of existing indices and their lack of transparency are what motivated us to create a new data source for the containerised ocean freight market together with the Compass team,"...