Export container shipping price index up in China in Dec 2023

15 Jan 24 1 min read

Insights

  • The export container shipping price index in China rose by 2.3 per cent month on month (MoM) in December last year, according to data from the Shanghai Shipping Exchange.
  • The sub-reading for the Europe service led the increase, with a MoM growth of 6.8 per cent.
  • The reading for the West Africa service, however, decreased by 6 per cent MoM.
The export container shipping price index in China rose by 2.3 per cent month on month (MoM) in December last year, according to data from the Shanghai Shipping Exchange.

The average China containerised freight index (CCFI) stood at 874.88 last month.

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The sub-reading for the Europe service led the increase, with a MoM growth of 6.8 per cent. It was followed by the Australia/New Zealand service, which climbed by 5.6 per cent from the previous month.

The reading for the West Africa service, however, dropped by 6 per cent MoM, a state-controlled news agency reported.

Fibre2Fashion News Desk (DS)

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