BUSINESS China's export container transport index edges up in January

BUSINESS

China's export container transport index edges up in January

Xinhua

21:27, February 09, 2019

VCG111189919108.jpg

Lianyungang Port in East China's Jiangsu Province on Feburary 4, 2019. (Photo: VCG)

BEIJING, Feb. 9 (Xinhua) -- China's container transport for export purposes gained momentum in January due to rising shipping demand ahead of the Spring Festival, according to data from the Shanghai Shipping Exchange.

The average China Export Containerized Freight Index stood at 856.43 points in January, up 0.8 percent from December 2018, the exchange said in a statement.

The new figure was much higher than an average of 817.8 points last year.

The exchange said shipping demand rose last month ahead of the Spring Festival, China's Lunar New Year, which fell on Feb. 5 this year.

Last month, the sub-index for the Persian Gulf/Red Sea route saw the strongest rally of 18.6 percent, while those for South American and European routes rose 8.2 percent and 7.6 percent, respectively.

The China Export Containerized Freight Index was first released by the Shanghai Shipping Exchange in April 1998 as a barometer for the export shipping market.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue