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China's weekly export box shipping index climbs 2.1pc to 854.37

CHINA's index of export container transport rose in the past week, according to the Shanghai Shipping Exchange, reports Xinhua

China's weekly export box shipping index climbs 2.1pc to 854.37

CHINA's index of export container transport rose in the past week, according to the Shanghai Shipping Exchange, reports Xinhua

26 December 2019 - 19:00

CHINA's index of export container transport rose in the past week, according to the Shanghai Shipping Exchange, reports Xinhua.

The average China Containerised Freight Index (CCFI) stood at 854.37, up 2.1 per cent 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 8.8 per cent, followed by that of the Mediterranean route, which edged up 3.8 per cent from last week.



The sub-index for the west and east Africa service dropped 3.4 per cent from the previous week. The CCFI tracks spot and contractual freight rates from Chinese container ports for 14 shipping routes, based on data from 22 international carriers.



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


WORLD SHIPPING

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