China’s weekly export container shipping index picks upChina’s weekly export container shipping index picks up
China’s container transport for export purposes increased for the week ending Friday, according to the Shanghai Shipping Exchange.
The average China Containerized Freight Index (CCFI) stood at 799.79, up 0.3 percent from a week earlier, the exchange said.
The sub-index for South America service saw the strongest rally of 6 percent week on week, while that for the Europe service declined 3.3 percent.
The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 20 international carriers.