SHANGHAI (XINHUA) – China’s export container shipping index rose in the week ending January 12, according to the Shanghai Shipping Exchange (SSE).
The SSE added that the average China Containerized Freight Index (CCFI) recorded an increase of 21.7 per cent from the previous week to reach 1,140.31.
The sub-indices for all 12 shipping routes registered week-on-week rises, with that for the Europe service achieving the biggest increase of 40.1 per cent.
The CCFI tracks spot and contractual freight rates at Chinese container ports for 12 shipping routes globally, based on data from 22 international carriers.
The index was set at 1,000 on January 1, 1998.
