Shipping index is a kind of relative index which reflects the impact of the comprehensive changes in supply and demand of shipping market at different times on the freight rates. As one of the shipping indices, Tianjin Shipping Index provides a market reference which could reflect the freight volatility in Tianjin and Northern China accurately and objectively in real time.
Tianjin Shipping Index is market-oriented. One of its major functions is to help the shipping and trading enterprises to analyze the market trends in the future by reflecting the state of shipping market and freight rates. Since shipping index is an underlying index in future market, Tianjin Shipping Index could also bring a tool of risk management.
As an intangible infrastructure in northern international shipping center enhancement, Tianjin Shipping Index could improve the shipping service function and promote the development of shipping and trading market in northern China in order to further enhance the core competitiveness of Tianjin as an international shipping center.
