BUSINESS China's weekly export container shipping index dips


China's weekly export container shipping index dips


19:16, October 20, 2019

BEIJING, Oct. 20 (Xinhua) -- China's index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange.


Photo: VCG

The average China Containerized Freight Index (CCFI) stood at 776.92, down 0.8 percent from a week earlier, according to the exchange.

The sub-index for the Korea service led the increase with a week-on-week growth of 3.9 percent, followed by the U.S. east coast route, which rose 3.3 percent from last week.

The sub-index for the Persian Gulf/Red Sea service led the decline with a 4.7-percent slip from the previous week. The sub-readings for the Mediterranean and Southeast Asia routes fell 3 percent and 1.5 percent, respectively.

The CCFI tracks spot and contractual freight rates from Chinese container ports for 14 shipping routes across the globe, based on data from 22 international carriers.

The index was set at 1,000 on Jan. 1, 1998.

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