Caixin
Apr 25, 2022 08:11 PM
BUSINESS

Cost of Sea Freight From China Continues to Fall Off Record High

Shanghai's Yangshan port on Sunday. Photo: VCG
Shanghai's Yangshan port on Sunday. Photo: VCG

The cost of sea freight out of China continued to drop this month from record highs early this year, as overseas demand slackened and domestic Covid-19 outbreaks disrupted trucking.

The China Containerized Freight Index (CCFI), a measure of export container shipping prices to major markets, declined to 3109.78 for the week ending Friday, down 0.6% from the previous week and 13.3% lower than the early February peak, data from the Shanghai Shipping Exchange show.

 

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