Step 1: Data collection

According to the SSE specification, sample companies will, during 0:00-13:00

each Monday Beijing time, transmit information from the executed bills of

lading (B/L) for voyages with actual departure time (ATD) between 0:00 last

Monday and 24:00 last Sunday through the application program interface (API)

automation system. Each B/L contains such information as B/L number (unique),

destination port, container volume by container type and corresponding freight

rate (freight rate divided by container volume equals the freight rate of the B/L).

Step 2: Data pre-treatment

(1)Verifying the B/L information. SSE uses the manifest data from Shanghai

port to verify the information on each reported B/L such as the name of the ship,

voyage, and ATD, and check whether the shipping schedule complies with the

criteria for inclusion. Non-compliant data are excluded from index calculation.

(2)Checking for duplicated B/L records of liner and freight forwarder. If the

forwarder’s freight rate is lower than the liner’s, the former will not be used.

(3)Removing outliers. SSE first screens out outliers of the freight rates for 20’

containers and 40’ containers by applying the Grubbs or Pauta tests, then

for each container type screens out the highest 10% and lowest 10% of the

remaining freight rates from all sample companies.

(4)Limiting over-representation. SSE caps the container volume share of any

single sample company by container type at 50%. An over-represented sample

company’s container volume will be reduced to 50% by multiplying the volume

of each B/L with the same coefficient.

Step 3: Index Calculation

After the above steps:

(1)Calculating the average freight rate by container type. The total freight rates

of all remaining B/L divided by the total container volume equals the average

freight rate.

(2)Calculating the benchmarking price index by container type. The average

freight rate divided by the average freight rate on the base date, and then

multiplied by 1,000 equals benchmarking price index by container type for the

current period.

(3)Calculating containerized freight index (Europe service). The weighted

average of the benchmarking price index by container type is the containerized

freight index (Europe service).

For the details of the compilation of containerized freight index (Europe service)

please refer to the Rules for Compilation of SCFI based on Settled Rates

(Provisional) published on SSE’s official website.

声明：本资料仅用于投资者教育，不构成任何投资建议。我们力求本资料信息准确可靠，但对这些信息的准确性、完整性或及时性不作保证，亦不对因使用该等信息而引发的损失承担任何责任，投资者不应以该等信息取代其独立判断或仅根据该等信息做出决策。基金有风险，投资须谨慎。