China's export container shipping index slightly down in May-Xinhua

China's export container shipping index slightly down in May

Source: Xinhua

Editor: huaxia

2022-06-16 22:04:29

 Aerial photo taken on Dec. 18, 2021 shows a view of the Pacific international container terminal at the Tianjin Port of north China's Tianjin Municipality. (Xinhua/Zhao Zishuo)

SHANGHAI, June 16 (Xinhua) -- China's index of export container transport edges down in May, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) decreased by 0.4 percent month on month to 3,117.94 in the period, said the exchange.

The sub-reading for the Persian Gulf/Red Sea service led the drop with a month-on-month decline of 14.1 percent, followed by the South Africa service, which went down 5.1 percent from the previous month.

Bucking the trend of decline, the sub-reading for the west coast America service rose 7.2 percent from that of April.

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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