Wuhan Shipping Exchange has launched three Yangtze River shipping indexes, namely WSCFI (Wuhan Shipping Container Freight Index), CCSFI (China Coal Shipping Freight Index) and CARPI (Changjiang Automobile-roro Prosperity Index), to promote shipping industry development of Wuhan and the Yangtze.
WSCFI will be the nation's first export container freight index for inland river shipping to reflect export container shipping price fluctuation, reported Seatrade Maritime News.
Wuhan, in the middle reaches of the Yangtze, is often remembered as the old treaty port of Hankow near the midpoint between Chongqing upstream at the head of inland navigation and Shanghai on the coast.
CCSFI aims to increase transparency of coal shipping market and promote the healthy development of coal shipping on the Yangtze while CARPI will provide a platform for automobile-roro shipping industry players to understand and monitor the market.
"Release of the three indexes is based on the demands of Yangtze river shipping development trend. Wuhan is moving forward to improve its service ability for shipping industry," stated Su Jianguo, leader of index compile & release of Wuhan Shipping Exchange.
Wuhan Shipping Exchange commenced its official operation in 2016. It is the fourth shipping exchange in China after those in Shanghai, Chongqing and Guangzhou.
Source:HKSG Group
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