China's weekly export container shipping index edges down-Xinhua

China's weekly export container shipping index edges down

Source: Xinhua

Editor: huaxia

2022-04-02 14:36:14

Aerial photo taken on April 6, 2021 shows a view of the automated container terminal of Shanghai's Yangshan Port in east China. (Xinhua/Fang Zhe)

SHANGHAI, April 2 (Xinhua) -- China's index of export container transport edged down in the past week ending Friday, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) went down 2.1 percent to 3,204.83, said the exchange.

The sub-reading for the Persian Gulf/Red Sea service led the decline with a week-on-week drop of 4.9 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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