Sat, 15 Aug 2020

China's weekly export container shipping index up

04 Jul 2020, 18:30 GMT+10

BEIJING, July 4 (Xinhua) -- China's index of export container transport edged up in the past week, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 853.9, up 1.4 percent from a week earlier, according to the exchange.

The sub-reading for the W/C America service led the increase with a week-on-week growth of 5.7 percent, followed by those for E/C America service and Persian Gulf/Red Sea service, which rose 4.8 percent and 3.7 percent, respectively, from last week.

The sub-index for South America service led the decline by a 5.4-percent fall from the previous week, while that for West East Africa service dropped 2.7 percent.

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 Jan. 1, 1998.

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