China’s containerised freight index rises 1.3% in August 2023

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Textiles China's containerised freight index rises 1.3% in August 2023 06 Oct '23 1 min read Pic: Shutterstock

Insights

• In August 2023, the Shanghai Shipping Exchange reported a 1.3 per cent rise in China's containerised freight index, reaching 880.79.
• The West Coast America service saw a notable 11.7 per cent increase in August 2023, while the East Coast America and Australia/New Zealand services reported a growth of 8.9 per cent and 6.9 per cent, respectively.

China’s containerised freight index registered at 880.79 in August 2023, marking a 1.3 per cent increase from the previous month, according to recent data released by the Shanghai Shipping Exchange.

Leading this uptick was the West Coast America service, recording a significant 11.7 per cent month-on-month growth. Close followers were the East Coast America service and the Australia/New Zealand service, with increases of 8.9 per cent and 6.9 per cent, respectively.

Fibre2Fashion News Desk (DP)

More Textiles News – China… Popular News Textiles India, Bangladesh discuss removal of port restrictions, CEPA Textiles Rising consumer prices, lower supplier payouts in global denim market Apparel/Garments Cambodia raises monthly minimum wage for garment workers to $204 Textiles International Cotton Association signs MoU with TextileGenesis Apparel/Garments Bangladesh's RMG exports jump 13.07% but miss target in July-Sept Apparel/Garments Sri Lanka's garment exports down 20% to $3,020 mn in Jan-Aug 2023

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