ACCORDING to data from the Shanghai Shipping Exchange, China's export container shipping price index surged 20.9 per cent month-on-month in February, reports Xinhua.
The shipping exchange reported that last month, the average China Containerised Freight Index (CCFI) reached 1,440.74.
Among the sub-readings, the West Coast America service witnessed the most substantial increase, with a month-on-month growth of 33.8 per cent, followed by the Europe service.
In contrast, the sub-reading for the Persian Gulf/Red Sea service declined 1.8 per cent from the previous month.
The CCFI monitors spot and contractual freight rates from Chinese container ports on 12 shipping routes worldwide, drawing on data from 22 international carriers.
Source: shippingazette