Shanghai Shipping Exchange

House lawmakers crack down on Chinese ocean freight data

WASHINGTON — House lawmakers have passed a bill giving regulators new power to investigate potential violations of the law by the producer of one of the most closely watched container freight indexes.

The Ocean Shipping Reform Implementation Act of 2023, which passed the chamber on Thursday by a vote of 393-24, targets China’s Shanghai Shipping Exchange (SSE). SSE publishes the Shanghai Containerized Freight Index, an aggregator of spot market data on which container freight rates in the...

https://www.freightwaves.com/news/house-lawmakers-crack-down-on-chinese-ocean-freight-data

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/

China To Increase The Supply of Containers for This Reason

China will increase the supply of containers and tighten monitoring of the shipping market to further stabilize the rising logistics costs in international trade, says an article published in ChinaDaily.

Comments

Gao Feng

Gao Feng, a spokesperson for the Ministry of Commerce, said during a news conference that“shipments from China have played a vital role in stabilizing global supply chains and sustaining the global economy.”

However, some countries have been facing logistics issues due to the...

https://mfame.guru/china-to-increase-the-supply-of-containers-for-this-reason/

Record-breaking Asia-ECSA rates top dizzying USWC charges

Unprecedented spot rates approaching US$4,000/FEU moving from Shanghai to Brazil’s principal port Santos have surpassed the cost of shipping the same box from Asia to Los Angeles as the Asia-ECSA trade is set to establish itself as the world’s hottest trade route in October.

While container lines are showing signs of bowing to pressure from the Chinese and US governments to slow the stratospheric surge in spot rates on shipments to ports on the west and east coasts of the US, lines continue to...

https://container-news.com/record-breaking-asia-ecsa-rates-top-dizzying-uswc-charges/

CCFI: Flat in the past week – Up in August

China’s index of export container transport remained flat for the past week, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 823.83, the same as a week earlier, according to the exchange.

The sub-index for Australia/New Zealand service led the increase with a week-on-week growth of 6.7 percent, followed by those for west coast America and the Persian Gulf/Red Sea routes, which edged up 3.3 percent and 2.1 percent, respectively, from the...

https://container-news.com/ccfi-flat-past-week-up-august/

Shippers welcome plan for new index to improve liner reliability

Shanghai Shipping Exchange (SSE) and software solutions provider Cargosmart have teamed up to tackle vessel reliability concerns among shippers. 
They will work together to develop a new method of calculating schedule reliability on key tradelanes to help shippers optimise their supply chains.  
Vice president of SSE Yao Weifu said they aimed “to deliver a new shipping index that increases transparency to ocean carrier performance”. 
According to reports, global containership reliability hovers...

https://theloadstar.com/shippers-welcome-plan-for-new-index-to-improve-liner-reliability/

China’s weekly export box shipping index dips

China’s index of export container transport dipped for the week ending Friday, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 833.29, slightly down from 833.56 a week earlier, according to the exchange.

The sub-index for Korea service led the increase with a week-on-week growth of 7.5 percent, followed by those for the Europe and Persian Gulf/Red Sea routes, which rose 1.7 percent and 1.5 percent, respectively, from the previous week.

Read...

https://container-news.com/china-weekly-export-box-shipping-index-dips/

CCFI edges down

China’s index of export container transport edged down for the week ending Friday, August 9, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 817.64, down 0.7 percent from a week earlier, the exchange said.

The sub-index for Korea service led the fall by dropping 3.2 percent from the previous week, followed by Persian Gulf/Red Sea service and W/C America service, which declined 2.7 and 2.3 percent, respectively.

Read more on Xinhua.

The...

https://container-news.com/ccfi-edges-down/

CCFI slightly down

China’s index of export container transport edged down for the week ending Friday, August 3, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 822.99, down 0.1 percent from a week earlier, the exchange said.

The sub-index for Persian Gulf/Red sea service led the fall by dropping 3.8 percent from the previous week, followed by that for Mediterranean and South Africa route, which declined 2.2 and 2 percent, respectively.

Read more on Xinhua.

T...

https://container-news.com/ccfi-slightly-down/

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