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Economy

China's weekly export container shipping index down 0.1 pct

May 18, 2020


Abstract : China's index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange.

BEIJING, May 16 (Xinhua) -- China's index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 834.24, down 0.1 percent 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 percent, while that for the west coast America route went up 1.7 percent 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 Jan. 1, 1998. Enditem

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Keyword: logistics container

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