What is CCFI Index?
What is CCFI Index?
China Containerized Freight Index (also known as Chinese Containerized Freight Index or Shanghai Containerised Freight Index), a type of economic transport shipping index.
What is Shanghai shipping Index?
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| Shanghai Containerized Freight Index | ||
|---|---|---|
| Description | Unit | Weighting |
| Mediterranean (Base port) | USD/TEU | 10.0% |
| USWC (Base port) | USD/FEU | 20.0% |
| USEC (Base port) | USD/FEU | 7.5% |
What is the Global freight rate Index?
The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes. It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether. The FBX is currently one of the most widely used freight rate indices.
What is the index for container shipping?
The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,475 per 40ft container, which is $5,006 higher than the five-year average of $3,469 per 40ft container.
Why are freight rates so high?
Therefore, as the economy expands and demand exceeds supply (which we are seeing now), shipping prices increase to help manage demand for cargo space, and to cover costs from unprofitable periods when prices fall. Shipping prices are also particularly sensitive to changes in fuel prices.
What is FEU shipping?
FEU is an acronym used in logistics, which means ‘Forty Equipment Unit’.
Will freight rates come down?
After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.
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