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China's weekly export container shipping index increases 1.5pc

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

05 October 2020 - 19:00

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

The average China Containerised Freight Index (CCFI) stood at 1,023.02 on September 30, up 1.5 per cent from a week earlier, according to the exchange.



The sub-reading for the West East Africa route led the increase with a week-on-week growth of eight per cent, followed by that for the South Africa service and South America service, which both rose 6.8 per cent 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 January 1, 1998.


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