China: Shanghai Shipping Exchange China (Export) Containerized Freight Index

China (Export) Containerized Freight Index (CCFI) sponsored by the Ministry of Transport and formulated by Shanghai Shipping Exchange was firstly publicized on April 13th 1998.CCFI is deemed as the world second influential freight index following the Baltic Dry Bulk Freight Index and has been cited as authoritative statistics in the Shipping annals published by UNCTAD.Formulation and publication of CCFI:Basic period. CCFI took January 1, 1998 as the basic period with the basic index of 1,000 points.Selection of sample trade lanes. CCFI is based on the freight rate and volume of 12 routes around the world, reflecting changes in freight rate. Departing ports include ports of Dalian, Tianjin, Qingdao, Shanghai, Nanjing, Ningbo, Xiamen, Fuzhou, Shenzhen and Guangzhou.Collection of freight information. At present, 23 domestic and foreign shipping companies with high international prestige and large market shares voluntarily established the freight rate formulation committee.Publication: Shanghai Shipping Exchange issues CCFI composite index and the individual freight indices or 14 trade lanes on each Friday.