China’s weekly export container shipping index rises
China’s index of export container transport went up in the past week, according to the Shanghai Shipping Exchange.
The average China Containerized Freight Index (CCFI) stood at 985.44 on Sept. 18, up 3.8 percent from a week earlier, according to the exchange.
The sub-reading for the South America service led the increase with a week-on-week growth of 18.5 percent, followed by that for the South Africa service, which rose 13.2 percent from the previous 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.