The cost of sea freight from China has continued to fall this month. This was reported by Chinese business magazine Caixin on Tuesday. The China Containerized Freight Index (CCFI) recently dropped to 3109. Since the beginning of February, it has thus lost around 13 percent, according to data from the Shanghai Shipping Exchange. The main reasons were said to be declining demand from overseas and the escalating Covid pandemic in China. The CCFI is an important indicator of the cost of container shipping to major foreign markets.
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