China's export container shipping price index edges down in September
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E-mail Xinhua, October 15, 2023
China's export container shipping price index slightly fell in September, data from the Shanghai Shipping Exchange showed.
The average China Containerized Freight Index (CCFI) stood at 876.46 last month, edging down 0.5 percent over the previous month, according to the shipping exchange.
The sub-readings for a majority of the 12 shipping routes increased on a monthly basis in September, with the Australia/New Zealand service logging the most notable rise of 15.4 percent.
The sub-index for the Mediterranean service registered the sharpest month-on-month drop of 5.7 percent, the data revealed.
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.
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