As a barometer of the shipping market, the freight rate index is widely used in the modern shipping market. In order to meet the needs of the rapid development of China's container transportation market, the China Export Container Rate Index (CCFI) compiled and released by the Ministry of Communications and the Air Exchange was first released on April 13, 1998.
During this period, the function of China's export container freight index as a "barometer" reflecting market trends has been fully displayed, causing great repercussions in the shipping industry at home and abroad, and producing considerable economic and social benefits. With its scientific and authoritative, it has become the second largest freight index in the world after the Baltic Dry freight Index, and has been cited as authoritative data by the United Nations Trade and Development Maritime Annual Report.
China's export container freight index objectively reflects the situation of the container market, and has become an important indicator for the world to understand China's shipping market, providing a powerful basis for the daily operation decisions of major shipping and trade enterprises, attracting great attention from news units and relevant research and consulting institutions, and providing a decision-making basis for the government departments to macro-control China's container shipping market.
Compilation and release of China's export container Freight index:
one Base period. China's export container freight index is based on January 1, 1998, and the base period index is 1000 points.
2. Sample route selection. According to the three basic principles of typicality, regional distribution and correlation, 12 routes were selected as sample routes, which were Korea, Japan, Southeast Asia, Australia and New Zealand, Mediterranean, Europe, East and West Africa, West America, East America, South Africa, South America and Bohong. Its domestic ports of departure include Dalian, Tianjin, Qingdao, Shanghai, Nanjing, Ningbo, Xiamen, Fuzhou, Shenzhen, Guangzhou and other ten ports.
3. Collection of freight information. At present, there are 23 Chinese and foreign shipping companies with high reputation and large route market share, on a voluntary basis, to provide the freight information required for the compilation of CCFI. They are (in alphabetical order) : CMA CGM (China) Co., LTD. (CMA-CGM), COSCO Shipping Container Lines Co., LTD. (COSCO), China United Shipping Co., LTD. (CUL), Evergreen Shipping Co., LTD. (EMC), Shanghai Haihua Shipping Co., LTD. (HASCO), Xing Ya Shipping (China) Co., LTD. (HEUNG-A), Hebelle Special Shipping (China) Co., LTD. (HLAG), Hanxin Shipping (Shanghai) Co., LTD. (HMM), Hamburg South America (China) Shipping Co., LTD. (HSDG), Shanghai JINJIANG Shipping Co., LTD. (JINJIANG), Koryo Shipping (Shanghai) Co., LTD. (KMTC), MAERSK (China) Shipping Co., LTD. (MAERSK), Lisheng Mediterranean Shipping (Shanghai) Co., LTD. (MSC), Ocean Network Shipping (China) Co., LTD. (ONE), Orient Overseas Container Lines (China) Co., LTD. (OOCL), Pacific Shipping (China) Co., LTD. (PIL), Honghai Container Shipping Co., LTD. (RCL), SINOTRANS ), SITC, TSL, WANHAI Shipping Co., LTD. (WANHAI), YANGMING Shipping Co., LTD. (YANGMING), ZIM Integrated Shipping Co., LTD. (ZIM).
4. Release method: The Air Exchange compiles and releases China's export container comprehensive freight index and 14 sub-route index every Friday.
