News
The composite China Containerized Freight Index (CCFI) fell 0.9% to 2,978.47 points last week, incurring its first depreciation from the previous week in 17 weeks, the Shanghai Shipping Exchange (SSE) has unveiled. On the other hand, the composite Shanghai Containerized Freight Index (SCFI) remained positive, improving 1.3% to 4,281.53 points and hiking for the 14th consecutive week.
Looking at results on east-west trade routes, the CCFIs decreased 1.2% to 5,165.62 points for exports to Europe but climbed 4.3% to 5,712.91 points for those to the Mediterranean. The indexes for containers to the east coast of North America gained 4.3% to 2,336.52 points and for those to the west coast, 0.1% to 2,022.62 points.
On north-south routes, the CCFIs stood at 3,580.9 points on the Middle East Gulf trade, down 2.2%; 2,207.83 points on the Australia and New Zealand trade, up 1.3%, 2,412.13 points on the South America trade, down 0.2%; 2,682.1 points on the southern Africa trade, down 3.7%; and 2,012.73 points on the western and eastern Africa trade, down 2.8%.
In the intra-Asia block, the CCFI went down 0.5% to 918.6 points for containers destined to Japan. The indexes, however, picked up 6.8% to 1,311.75 points for those to Southeast Asia and 4.3% to 1,016.84 points for those to South Korea.
