China's export container shipping price index rises 14.3% in May 2024

Among the various shipping services, the West Africa service experienced the most substantial growth, with a month-on-month increase of 53.3 per cent. This was followed by the South America service, which saw a 50.6 per cent rise, and the South Africa service, which recorded a 29.6 per cent increase compared to the previous month.

The CCFI monitors spot and contractual freight rates from Chinese container ports across 12 global shipping routes, utilising data from 22 international carriers.

Fibre2Fashion News Desk (DP)