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China's weekly export container shipping index edges down


China's index of export container transport edged down last week, according to the Shanghai Shipping Exchange, reports Xinhua.
The average China Containerised Freight Index (CCFI) stood at 817.64, down 0.7 per cent from a week earlier, the exchange said.
The sub-index for Korea service led the fall by dropping 3.2 per cent from the previous week, followed by Persian Gulf/Red Sea service and W/C America service, which declined 2.7 and 2.3 per cent, respectively.
The sub-index for Australia/New Zealand service led the increase with a week-on-week growth of 2.1 per cent.
The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 20 international carriers.
The index was set at 1,000 on January 1, 1998.

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