China's weekly export container shipping index dips

 Aerial photo taken on Dec. 1, 2021 shows the container terminal in Lianyungang, east China's Jiangsu Province. (Photo by Si Wei/Xinhua)

SHANGHAI, March 5 (Xinhua) -- China's index of export container transport edged down in the past week ending Friday, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) went down 1.1 percent to 3,388.59, said the exchange.

The sub-reading for the South America service led the decline with a week-on-week drop of 5.3 percent, followed by that for the Australia/New Zealand service, which went down 4 percent from the previous week.

Bucking the trend, the sub-reading for the Mediterranean service reported a week-on-week gain of 2.2 percent.

The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 22 international carriers.

The index was set at 1,000 on Jan. 1, 1998.