News
The composite China Containerized Freight Index (CCFI), which is for medium- and long-term contracts, picked up 1% to 3,079.04 points in Week 34, making an improvement from the previous term for two back-to-back weeks, the Shanghai Shipping Exchange (SSE) has unveiled. Meanwhile, the composite Shanghai Containerized Freight Index (SCFI), a spot-rate index for shipments from the Chinese port that do not include terminal handling charges (THCs), hiked 1% to 4,385.62 points, raising for the 16th week in a row to reach an all-time high.
Looking at CCFI developments for east-west containers, the indexes fell 1.5% to 5,356.26 points on the Europe route, but climbed 2.6% to 5,838.4 points on the Mediterranean route, 7% to 2,433.97 points on the east coast of North America route and 3.1% to 2,099.31 points on the west coast of North America route.
The CCFI was set at 1,000 points on Jan. 1, 1998, and the SCFI, at the same value on Oct. 16, 2009.
