China’s export container shipping index rises

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  • Average China Containerized Freight Index (CCFI) rose 10.4% from a week earlier
  • Southeast Asia service led the growth with a week-on-week rise of 21.6%

China’s index of export container transport registered growth in the past week ending December 4, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 1,323.83, up 10.4% from a week earlier, reported state-run Xinhua News.

The sub-reading for the Southeast Asia service led the growth with a week-on-week rise of 21.6%, followed by readings for the Persian Gulf/Red Sea service and the Europe service, which both went up 16.2% 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.

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