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

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.