China's weekly export container shipping index rises

0 Comment(s)Print E-mail Xinhua, December 26, 2020
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SHANGHAI, Dec. 26 (Xinhua) -- China's index of export container transport registered a rise in the past week ending Friday, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 1,577.2, up 5.9 percent from a week earlier, according to the exchange.

The sub-reading for the Mediterranean service led the gain with a week-on-week growth of 16.6 percent, followed by that for the Europe service, which went up 12.9 percent 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 Jan. 1, 1998. Enditem

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