China’s weekly export container shipping index edges down
China’s index of export container transport edged down in the past week ending Friday, according to the Shanghai Shipping Exchange.
The average China Containerized Freight Index (CCFI) went down 1.6 percent to 3,232.37, according to the exchange.
The sub-reading for the Southeast Asia Service was among the biggest losers, posting a week-on-week decrease of 6.4 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.