Tianjin Shipping Index makes debut

TIANJIN International Trade and Shipping Service Centre recently released the Tianjin Shipping Index (TSI), a comprehensive index reflecting the fluctuation of the northern China shipping market, Xinhua reported.

TSI is jointly developed by the Tianjin International Trade and Shipping Service Centre, Tianjin Port Group and Nankai University. TSI will initially include the Tianjin Container Freight Index (TCI) and the Tianjin Bulk Freight Index (TBI), which tracks shipping rates and indicate supply-demand relation in north China market.

The TCI index selects 14 shipping lanes as samples. These lanes cover Europe, the Mediterranean, America, south east Asia and the Persian Gulf.

The TBI index reflect the rise and fall of shipping rates of bulk cargo such as coal, ore and grain. It selects 10 shipping lanes as samples that cover major grain producing areas in North and South America.

The Tianjin International Trade and Shipping Service Centre releases the TCI index at 10am and the TBI index at 3pm every business day.
(Source:www.schednet.com)