s
Global EditionASIA 中文双语Français
Business
Home / Business / Industries

China's export container shipping index drops in October

Xinhua | Updated: 2019-11-17 15:12
Share
Share - WeChat
Ships get ready for their voyages in the foreign trade container terminal of Qingdao port in Shandong province. [Photo by Yu Fangping / For China Daily]

BEIJING - China's container transport for export purposes saw an overall decrease in October, according to the Shanghai Shipping Exchange (SSE).

The average China Containerized Freight Index (CCFI) fell 4.6 percent month-on-month to stand at 784.22 points last month, said the SSE.

In the first 10 months of 2019, the index averaged 822.78, up from 817.8 points for 2018.

In October, the sub-index for the Persian Gulf/Red Sea and Mediterranean routes plunged by 12.5 percent and 11.2 percent, respectively.

Bucking the upward trend, the Australia/New Zealand and South Africa routes saw their sub-index rise by 6.4 percent and 5.4 percent, respectively.

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 Jan 1, 1998.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE