China’s weekly export container shipment index fell

China’s container shipment export index fell in the week ended April 14, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) fell 1.1 percent from the previous week to 942.14, according to the exchange.

The South African service sub-index led the decline with a weekly drop of 6.2 percent.

Bucking the trend, the partial value for the South America service rose by 8.1 percent compared to the previous week.

The CCFI tracks spot and contract freight rates from Chinese container ports for 12 shipping lanes around the world, based on data from 22 international carriers.

The index was set at 1,000 on January 1, 1998. Source: Xinhua

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