- China’s export container shipping price index saw a 2.3% month-on-month increase.
- The CCFI monitors spot and contractual freight rates from Chinese container ports.
- Europe Service experienced the highest growth.
In December 2023, China’s export container shipping price index saw a 2.3% month-on-month increase, as reported by the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) reached 874.88 during the same period, reports English News.
Regional Performance
Europe Service
Experienced the highest growth, with a notable 6.8% month-on-month increase in December.
Australia/New Zealand Service
Showed a significant climb of 5.6% compared to the previous month.
West Africa Service
Contrary to the trend, observed a 6% decrease on a monthly basis.
CCFI Tracking
The CCFI monitors spot and contractual freight rates from Chinese container ports on 12 global shipping routes. Data is sourced from 22 international carriers contributing to this comprehensive index.
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Source: English news
