The Shanghai Shipping Exchange reports a 0.5% weekly increase in China’s export container shipping index, with the China Containerized Freight Index (CCFI) reaching 876.74. This uptick, reflecting the dynamism of the industry, is marked by notable shifts in sub-indices, including a 4% rise in the Korean service and a 0.9% decrease in the Mediterranean service.
China’s Export Shipping Resilience
The Shanghai Shipping Exchange reports a positive uptick in China’s export container shipping index for the week ending Nov 24. The average China Containerized Freight Index (CCFI) shows a 0.5 per cent increase, with notable shifts in sub-indices, including a significant 4 per cent rise in the Korean service but a 0.9 per cent decrease in the Mediterranean service. The CCFI, tracking global freight rates, reflects the dynamism of China’s export container shipping amidst varied performances across key routes.
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Source: China daily
