Tag: China Container Freight Index

China’s Container Production Cuts Amid Shipping Industry Slump

Container production is waning in China, where empty containers collect in ports amid weakening exports. All these are indicators that China’s shipping industry is in a state of decline. Data shows that the global production of new containers in the first quarter of 2023 has fallen to the lowest since 2010. According to data released…


China Container Freight Index Plunges for Five Consecutive Months Due to Weak Exports

The China Container Freight Index (CCFI) reportedly continued to fall in January after plummeting in the previous four months, indicating an overall decline in international freight rates at Chinese ports, a gloomy export trade, and a crisis in which Chinese foreign trade companies are facing business headwinds or even bankruptcy due to reduced orders. On…