China's export container transportation market is gradually coming out of its previous stagnation with cargo volumes restored to normal on the three main routes of Europe, North America and Japan during the week ended March 21.
SSE says that the latest data Freights on part of the routes have reversed the previous decline. SSE's China Containerized Freight Index closed at 1,145.41 points on March 21, which levels with the previous week. SSE's freight index for Europe and the Mediterranean routes were 1,716.6 and 1,696. 14 points respectively in the week, up 1.1 percent and 1.2 percent respectively over the previous week. SSE's freight index for the Japan route dropped 4.2 percent from the previous week to close at 797.16 points. According to SSE's information department, freight demand on the Europe and Mediterranean routes continued to restore last week. Resumed cargo volume is keeping shipping companies' average capacity utilization at 80 percent despite the release of new shipping capacities onto these routes.
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