China’s export container shipping price index dropped in July, reports Xinde Marine News quoting the data from Shanghai Shipping Exchange.
The average China Containerized Freight Index (CCFI) stood at 869.89 last month, down 5.3 percent from June, according to the shipping exchange.
Container shipping price index drop
The sub-reading for routes to South Korea led the decline, with a month-on-month decrease of 13 percent. It was followed by Europe-bound and Mediterranean-bound service, which fell 6.9 percent and 6.5 percent, respectively.
The CCFI tracks spot and contractual freight rates from Chinese container ports on 12 shipping routes across the globe, based on data from 22 international carriers.
The index was set at 1,000 on Jan. 1, 1998.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Xinde Marine News
