China's export container shipping index sees 3.5% dip in Jun 2023

Data from 22 international carriers operating on 12 worldwide shipping routes form the basis for the CCFI, which monitors spot and contractual freight rates from Chinese container ports.

Container throughput at Chinese ports increased by 4.7 per cent YoY last year, according to the ministry of transport data. Domestic ports handled 296 million twenty-foot equivalent units (TEUs) of containers last year.

The sub-reading for the Korea service led this downturn with a significant 11.1 per cent MoM decrease, followed by the East Coast US service which fell by 6.3 per cent.

ALCHEMPro News Desk (NB)