This aerial photo taken on Dec. 27, 2023 shows a huge oil tanker at a crude oil terminal of the Yantai Port in Yantai, east China's Shandong Province. (Xinhua/Li An)
SHANGHAI, Jan. 14 (Xinhua) -- China's coastal bulk freight index dropped during the week ending on Jan. 12, according to the Shanghai Shipping Exchange (SSE).
The composite index for coastal bulk freight fell 3.1 percent week on week to 1,052.92, the SSE said.
According to data, the coal sub-index decreased 4.8 percent to 1,040.64.
The figure for crude oil rose 3.1 percent to 1,643.47, while that for refined oil edged up 0.3 percent from the previous week to 1,508.20.
The SSE initiated the index in 2001, under the guidance of the Ministry of Transport, to reflect fluctuations in the Chinese coastal transport market. ■
