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China’s export container shipping index down in April

China’s index of export container transport declined in April, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) decreased by 6% month on month to 3,131.53 in the period, said the exchange.

The sub-reading for the Persian Gulf/Red Sea service led the drop with a month-on-month decline of 15.8%, followed by the South America service, which went down 14.3% from the previous month.

The sub-reading for the Japan service rose 6.3% from that of March.

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.
Source: Xinhua

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