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. Tianjin Shipping Index provides a market reference which could reflect the freight volatility in Tianjin and Northern China. It is consisting of four sub-indices, which are Tianjin Container Freight Index (TCI), Tianjin Bulk Freight Index (TBI), Tianjin Liquid Freight Index (TLI), and Tianjin Domestic Freight Index (TDI).
According to the principle of “planning holistically and implement separately”, we established the TCI and TBI currently.
Tianjin Container Freight Index reflects the freight volatility of container transportation market in Tianjin. The 14 shipping routes, which were selected as statistical samples, could cover the primary trade flows and export areas in Tianjin’s container transportation market, including Europe, Mediterranean, America, Southeast Asia, Persian Gulf, and etc.
Tianjin Bulk Freight Index reflects the freight volatility of bulk transportation market in Tianjin. The 10 shipping routes, which were selected as statistical samples, could cover the coal export markets like East Australia and Indonesia, iron ore export markets like South America, West Australia, and India, grain producing areas like South and North America, and etc.
