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China’s export container delivery value index up in November

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SHANGHAI, Dec. 9 (Xinhua) — China’s export container delivery value index rose 4.8 % month on month in November, knowledge from the Shanghai Shipping Exchange reveals.

The common China Containerized Freight Index (CCFI) stood at 855.12 final month, in response to the delivery alternate.

The sub-reading for the Persian Gulf/Red Sea service led the rise, with a month-on-month surge of twenty-two.4 %. It was adopted by the South America service, which jumped 12.2 % from the earlier month.

Bucking the development, the determine for the Japan service fell 3 % on a month-to-month foundation.

The CCFI tracks spot and contractual freight charges from Chinese container ports on 12 delivery routes throughout the globe, based mostly on knowledge from 22 worldwide carriers.

The index was set at 1,000 on Jan. 1, 1998.

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