Since the adjustment and upgrade of industrial structure in China, the shift of export-oriented market for growth of China import volume, the improvement of bi-directional imbalance in liner transport, the change of China import containerized freight has been increasingly important for shipping and trading enterprises. For the purpose of meeting the demand of fast developing Chinese import container market, fully reflecting the market conditions of China foreign trade container transport, and perfecting China containerized freight index system, Shanghai Shipping Exchange (SSE) researched and developed China Import Containerized Freight Index (referred as "CICFI"). After one-year external trial run, CICFI was officially published on November 30, 2015.

Introduction of CICFI compiling and publishing methods:

1. Base period: CICFI takes November 28, 2014 as the base period with the base period index of 1000 points.

2. Choosing of sample routes: For the initial period, 5 routes services are chosen as sample routes, they are Europe, Mediterranean, US West Coast, US East Coast and Australia/New Zealand. The destination ports are the 10 main ports in China: Dalian, Tianjin, Qingdao, Shanghai, Nanjing, Ningbo, Xiamen, Fuzhou, Shenzhen and Guangzhou.

3. Collecting of freight data: There are 11 carriers, with good business reputation and a major market share on the above sample routes, providing the freight info required for index compiling according to the voluntary principle. They are (in initial alphabet order of company English name):

CMA CGM (China) Shipping Co., Ltd. (CMA-CGM);

COSCO Shipping Lines Co., Ltd.;

Shanghai Hai hua Shipping Co., Ltd. (HASCO);

Hapag-Lloyd (China) Shipping Ltd. (HLAG);

Maersk (China) Shipping Co., Ltd (MAERSK);

Mediterranean Shipping Company (Shanghai) Ltd. (MSC);

NYK Line (China) Co., Ltd. (NYK);

Orient Overseas Container Line (China) Co., Ltd. (OOCL);

Pacific International Lines (China) LTD. (PIL);

Regional Container Lines Shipping Co., Ltd. (RCL).

SITC Container Lines Co. Ltd. (SITC).

4. Publishing Method: CICFI, including the composite index and 5 sub-indices for the sample routes will be generally compiled and published on Fridays by SSE. The date of publication will be adjusted in legal holidays and SSE will publish the concrete publication date in advance on website. If necessary and reasonable, SSE may postpone or cancel the publication.