China’s coastal bulk freight market saw a decrease in general demand in the week ending Friday, reports Xinhuanet News quoting the Shanghai Shipping Exchange (SSE).
Drop in general demand
The composite index for coastal bulk freight went down 3.9 percent week on week to 1,034.45, the SSE said.
The coal sub-index fell 5.5 percent to 1,013.17.
The SSE initiated the index in 2001 under the guidance of the Ministry of Transport to reflect the fluctuations of the Chinese coastal transport market.
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Source: Xinhuanet News