China Containerized Freight Index up by 0.56% (to 985.6 points), November 13- 20, 2009

China Containerized Freight Index increased by 0.56% (to 985.6 points) within the current week, November 13-20, 2009. As per materials of the Ministry of Transport of the People’s Republic of China, the index has gone up by 1.32% in European direction, by 0.56% - Mediterranean service.

China Containerized Freight Index reflects dynamics of freight costs on export containerized shipments of China in 11 directions (services) of 16 international shipping lines: CMA-CGM, COSCO Container Lines, China Shipping Container Lines, Hanjin Shipping, Hapag-Lloyd, Kline, Maersk, MOL, NYK, OOCL, P&O Nedlloyd, PIL, Shanghai Hai Hua Shipping, Shanghai Jin Jiang Shipping, Sinotrans Container Lines and SITC Container Lines. The index is calculated both separately for each direction and for all of them (composite index).

Source: Port News