- The Ningbo Containerised Freight Index (NCFI) is a weekly benchmark that tracks freight rates for container shipping departing from Ningbo-Zhoushan Port in China.
- It’s compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange.
Key Points
- The NCFI is reported every Friday (except Chinese holidays) at 4:00 PM Beijing time.
- It’s a composite index that considers freight rates for 20ft, 40ft, and High Cube containers across various routes.
- This update reflects freight rates from June 28th, 2024, compared to June 21st, 2024.
Freight Rate Changes (Week-on-Week)
| Route | 28-06-2024 | 21-06-2024 | Weekly change (%) |
| Ningbo – Europe | 3537.13 | 3129.42 | 13.03 |
| Ningbo – West Mediterranean | 3455.53 | 3090.18 | 11.82 |
| Ningbo – East Mediterranean | 2623.71 | 2369.71 | 10.72 |
| Ningbo – Middle East | 1884.01 | 2107.90 | -10.62 |
- Routes with Increases:
- Ningbo – Europe (up 13.03%)
- Ningbo – West Mediterranean (up 11.82%)
- Ningbo – East Mediterranean (up 10.72%)
- Route with Decrease:
- Ningbo – Middle East (down 10.62%)
Sample Port Coverage
- Ningbo – Europe: Hamburg & Rotterdam
- Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
- Ningbo – East Mediterranean: Piraeus & Istanbul
- Ningbo – Middle East: Dammam & Dubai
Data Source
The NCFI is based on transactional data submitted by leading logistics companies in Ningbo.
Surcharges Included in Rates
- Bunker adjustment factor (BAF) / Fuel adjustment factor (FAF) / Low sulfur 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
- Terminal operation fee
- Security charge
- Origin received charges
- Inland point intermodal
- Booking fee
- Customs clearance
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Source: Baltic Exchange
