The average China Containerized Freight Index (CCFI) dropped by 0.2 per cent to 3,504.56 in February 2022, according to official data by the Shanghai Shipping Exchange. The sub-reading for the South America service dipped by 9.3 per cent from the previous month, while that of the Southeast Asia service went down 8.9 per cent month-on-month in February.On the other hand, the sub-reading for the Europe service gained 4.2 per cent month-on-month, as per the Shanghai Shipping Exchange.
The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 22 international carriers, said Chinese media reports.
The average China Containerized Freight Index (CCFI) dropped by 0.2 per cent to 3,504.56 in February 2022, according to official data by the Shanghai Shipping Exchange. The sub-reading for the South America service dipped by 9.3 per cent from the previous month, while that of the Southeast Asia service went down 8.9 per cent month-on-month in February.#
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