China’s container shipping freight rates have risen 17 percent this year, approaching 2008 highs, the Shanghai Shipping Exchange said on 26 February 2010. It said the China Containerised Freight Index, which takes data from most of the leading liners with operations in China, hit 1,168.31 points for the week that ended on that day. The index has gained about 4 percent from 12 February. Last February it was as high as 1,200 points.
(Source: scmp.com)