China's weekly export container shipping index edges up

Source: Xinhua| 2020-03-28 17:10:52|Editor: huaxia

BEIJING, March 28 (Xinhua) -- China's index of export container transport edged up in the past week, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 897.69, up 0.4 percent from a week earlier, according to the exchange.

The sub-reading for the Republic of Korea service led the increase with a week-on-week growth of 5 percent, followed by those for west coast America and east coast America routes, which rose 2.7 percent and 1.7 percent, respectively, from last week.

The sub-index for South Africa service led the decline by a 6.9-percent fall from the previous week, while that for South America service dropped 3.8 percent.

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 Jan. 1, 1998.

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