1CCFI
Freight index serves as the barometer of the shipping market and thus is widely applied. To meet the demand of fast developing China’s container transport market, China (Export) Containerized Freight Index (CCFI) sponsored by the Ministry of Communications of PRC and formulated by Shanghai Shipping Exchange was firstly publicized on April 13th 1998. During the past decade, CCFI has fully exerted its function of reflecting market tendency and therefore evoked worldwide repercussions with considerable economic and social effects. Owing to its scientific and authoritative approach, CCFI is deemed as the second world freight index following the Baltic Dry Bulk Freight Index and has been cited as authoritative statistics by the shipping annals of UNCTAD ....