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Belt and Road shipping indices officially released - hydraulic groupses
The Shanghai Shipping Exchange (SSE) Tuesday officially launched the Belt and Road shipping indices to track freight trade data among countries involved after a two-year trial.
The indices include a Belt and Road trade index, a Belt and Road freight volume index, and a Maritime Silk Road freight index.
The Belt and Road Initiative - or the Silk Road Economic Belt and the 21st Century Maritime Silk Road - was proposed by Chinese leadership in 2013 to build trade and infrastructure links along ancient overland and maritime Silk Road routes, connecting countries in Asia, Europe, Africa, and Oceania.- esGas Regulator
SSE president Zhang Ye said the Belt and Road Initiative will lead China's opening-up efforts and the shipping industry keeps tabs on trade volume and freight rates. The indices will boost market transparency. - hydraulic groups
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