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Containers in short supply as Chinese exports surge
China’s latest index of export container transport hit a record high, reflecting a supply shortage of containers, mainly due to the nation’s fast-growing exports.
Tracking spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, the average China Containerized Freight Index (CCFI) stood at 1,411.98 in the week ending last Friday, up by 6.7 percent from a week earlier, the Shanghai Shipping Exchange said.
The CCFI rose nearly 70 percent since late May this year, roughly the same period when major Chinese ports saw a turnaround of container throughput.
From:Xinhua | 2020-12-15 01:24
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Aerial photo taken on Aug. 17, 2020 shows the container dock of Shanghai s Yangshan Port, east China. (Xinhua/Ding Ting) China s latest index of export container transport hit a record high, reflecting a supply shortage of containers, mainly due to the nation s fast-growing exports. In early November, the eight major shipping hubs, including Shanghai and Ningbo, saw container throughput rising by 13.1 percent year on year. Specifically, container throughput for foreign trade increased by 11.5 percent from a year earlier. As a result, container manufacturers have been working 24 hours a day and seven days a week to meet the demand.
Containers in short supply as Chinese exports surge
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Aerial photo taken on Aug. 17, 2020 shows the container dock of Shanghai s Yangshan Port, east China. [Photo/Xinhua]
China s latest index of export container transport hit a record high, reflecting a supply shortage of containers, mainly due to the nation s fast-growing exports.
Tracking spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, the average China Containerized Freight Index (CCFI) stood at 1,411.98 in the week ending last Friday, up by 6.7 percent from a week earlier, the Shanghai Shipping Exchange said.
The CCFI rose nearly 70 percent since late May this year, roughly the same period when major Chinese ports saw a turnaround of container throughput.
Containers in short supply as Chinese exports surge (Xinhua) 09:14, December 15, 2020
Aerial photo taken on Aug. 17, 2020 shows the container dock of Shanghai s Yangshan Port, east China. (Xinhua/Ding Ting) China s latest index of export container transport hit a record high, reflecting a supply shortage of containers, mainly due to the nation s fast-growing exports. In early November, the eight major shipping hubs, including Shanghai and Ningbo, saw container throughput rising by 13.1 percent year on year. Specifically, container throughput for foreign trade increased by 11.5 percent from a year earlier. As a result, container manufacturers have been working 24 hours a day and seven days a week to meet the demand.