China's weekly export container shipping index down

SHANGHAI, April 16 (Xinhua) -- China's index of export container transport declined in the week ending on April 14, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) went down 1.1 percent to 942.14 from the previous week, according to the exchange.

The sub-index for the South Africa service led the decrease with a week-on-week drop of 6.2 percent.

Bucking the trend, the sub-reading for the South America service rose 8.1 percent from a week earlier.

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.