Oct 2023 coastal bulk freight index rises by 0.2% MoM in China

06 Nov '23

1 min read

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China's coastal bulk freight index rose by 0.2 per cent month on month in October, according to data from the Shanghai Shipping Exchange.
The composite index for coastal bulk freight, which measures transportation costs in the coastal shipping market, stood at 953.42 last month.
The sub-index for coal logged the most notable increase of 1.1 per cent.

The coastal bulk freight index in China increased by 0.2 per cent month on month (MoM) in October, according to data from the Shanghai Shipping Exchange (SSE).

The composite index for coastal bulk freight, which measures transportation costs in the coastal shipping market, stood at 953.42 last month.

The sub-index for coal logged the most notable increase of 1.1 per cent during the month, followed by that for crude oil, a state-controlled news agency reported.

Guided by the transport ministry, the index was started by SSE in 2001 to reflect fluctuations in the Chinese coastal transport market.

ALCHEMPro News Desk (DS)

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