Ningbo Shipping Index Shows Volatile Freight Rates on Key Routes

• The Ningbo Containerised Freight Index (NCFI) is a benchmark used to track fluctuations in freight rates for international container shipping departing from Ningbo-Zhoushan port in China.
• Compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, the NCFI provides valuable insights into shipping costs on major routes.

What it Measures

The NCFI is a composite index, meaning it considers rates for various container sizes (20ft, 40ft, and Hi Cube) on four key routes:

The index is reported every Friday (except Chinese holidays) at 1600 (Beijing).

Data Source and Inclusions

The NCFI relies on transactional data submitted by logistics companies in Ningbo.

• CCL Logistics Co
• Headwin Logistics Co., Ltd
• Ningbo E-Union Group of China
• Zhejiang Xinggang International Freight Co., Ltd
• Perfectever Logistics (Ningbo) Co., Ltd
• Ningbo Jet Express International Freight Forwarding Co., Ltd
• Dashing International Logistics
• Huanji International
• De Well Group
• Whale Logistics Co., Ltd
• Sinotrans Ningbo Logistics Co., Ltd

Surcharges included in the total ocean freight reported:

• Bunker adjustment factor/ fuel adjustment factor/ low sulphur surcharge
• Emergency bunker surcharge/ emergency bunker additional
• Currency adjustment factor/ Yen applica surcharge
• Peak season surcharge
• War risk surcharge
• Port congestion surcharge
• Suez Canal transit fee/surcharge/ Suez Canal fee/ Panama Canal surcharge/ Panama Canal charge

Surcharges not included in the total ocean freight reported:

• Terminal operation fee
• Security charge
• Origin received charges
• Inland point intermodal
• Booking fee
• Customs clearance

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Source: Baltic Exchange

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