CCFI

China Weekly Export Container Shipping Index Grows

China’s export container transport index increased in the week ending Nov. 10, reports Xinhua News quoting Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) rose 1.9 percent from the previous week to 843.77, the shipping exchange said.

The sub-reading for the Persian Gulf/Red Sea service rose 6.1 percent from a week earlier.

Going against the trend, the sub-index for the West America service registered a decrease of 1.5 percent week on week.

The CCFI tracks spot and...

https://mfame.guru/china-weekly-export-container-shipping-index-grows/

China’s Export Container Shipping Price Index Dips In September

Credit: Container News

China’s export container shipping price index slightly fell in September, data from the Shanghai Shipping Exchange showed.

CCFI Records

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...

https://mfame.guru/chinas-export-container-shipping-price-index-dips-in-september/

August Sees A Rise In China’s Export Container Shipping Price Index

Credit: Alejandro Luengo_Unsplash

China’s export container shipping price index rose in August, data from the Shanghai Shipping Exchange showed.

Shipping Exchange

The average China Containerized Freight Index (CCFI) stood at 880.79 in August, up 1.3 percent from July, according to the shipping exchange.

The sub-reading for the west coast America service led the increase, with month-on-month growth of 11.7 percent. It was followed by the east coast America service and Australia/New Zealand service,...

https://mfame.guru/august-sees-a-rise-in-chinas-export-container-shipping-price-index/

China’s Weekly Export Container Index Down

Credit: RANJITH AR/Pexels

China’s index of export container transport declined in the week ending on March 31, according to the Shanghai Shipping Exchange, says an article published on English news.

Week-on-week drop

The average China Containerized Freight Index (CCFI) went down 1.9 percent to 958.43 from the previous week, according to the exchange.

The sub-index for the Japan service led the decrease with a week-on-week drop of 8.1 percent.

Contractual freight rates

Bucking the trend, the...

https://mfame.guru/chinas-weekly-export-container-index-down/

Containerlines Register Improved Profits With Rising CCFI Index

Contract rates as measured by the 23-year-old China (Export) Containerized Freight Index (CCFI) have risen faster than ever recorded putting containerlines on course to register improved profits this year, even over 2020’s stellar performance, reports Splash247.

Lengthy Contracts 

However, latest data seen by Splash shows many shippers are baulking at signing lengthy contracts now, willing to wait till the market cools.

“For the Transpacific, we are not quite at record levels, but it is close. In...

https://mfame.guru/containerlines-register-improved-profits-with-rising-ccfi-index/

Container Spot Rates Holding Up Amidst Booking Inquiries

  • Container spot rates from China fell slightly this week, as carriers decided it was futile to discount cargo that is currently unavailable, with container lines receiving numerous booking enquiries for March end.
  • With respect to the rates in the face of the coronavirus crisis, CCFI inched down by only 1.8% this week.
  • With a record number of blank sailings along with potential equipment shortages, spot rates are expected to jump during April as demand exceeds supply on the route.

Container spot...

http://mfame.guru/container-spot-rates-holding-up-amidst-booking-inquiries/