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China's weekly export container shipping index declines 0.1 pc

27/05/2020

CHINA's index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange, reports Xinhua.

The average China Containerised Freight Index (CCFI) stood at 834.24, down 0.1 per cent from a week earlier, according to the exchange.

The sub-reading for the West-East Africa service led the decrease with a week-on-week fall of 7.5 per cent, while that for the west coast America route went up 1.7 per cent from last week.

The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 22 international carriers.

The index was set at 1,000 on January, 1, 1998.

Source : shippingazette.com