China’s weekly export container shipping index down
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The Shanghai-ai Shipping Exchange. The average China Containerised Freight Index (CCFI) dropped 2.6 percent to 895.72, according to the shipping exchange. Australia/New Zealand’s sub-index bucked the trend, increasing 1.6% week over week. On the basis of data from 22 international carriers, the CCFI monitors spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe. Jan 1, 1998, was the day when the index reached 1,000.