China's weekly export container shipping index up 4pc

29th November, 2023

CHINA's export container shipping index increased in the week ending November 24, according to the Shanghai Shipping Exchange, reports Xinhua.

The exchange added that the average China Containerised Freight Index (CCFI) rose 0.5 per cent from the previous week to 876.74.

The sub-index for the Korea service registered the biggest week-to-week rise of four per cent.

Bucking the trend, the sub-reading for the Mediterranean service logged the sharpest decrease of 0.9 per cent from one week earlier.

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.


Source: shippingazette

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