The Ningbo Containerised Freight Index (NCFI) provides insight into container freight rates from Ningbo, a key Chinese port, to various destinations worldwide. The index tracks weekly freight rate changes across four major routes: Europe, West Mediterranean, East Mediterranean, and the Middle East, covering standard 20ft, 40ft, and High Cube containers.
Here are the details of the index and the rate changes for the week ending September 27, 2024, compared to the previous week:
Weekly Freight Rate Overview (27-09-2024 vs 20-09-2024)
- Ningbo – Europe
- 27-09-2024: 1476.10
- 20-09-2024: 1629.23
- Weekly Change: -9.40%
- Ningbo – West Mediterranean
- 27-09-2024: 1565.68
- 20-09-2024: 1708.61
- Weekly Change: -8.37%
- Ningbo – East Mediterranean
- 27-09-2024: 1240.54
- 20-09-2024: 1306.79
- Weekly Change: -5.07%
- Ningbo – Middle East
- 27-09-2024: 640.68
- 20-09-2024: 670.15
- Weekly Change: -4.40%
Key Shipping Routes and Ports
- Ningbo – Europe: Hamburg & Rotterdam
- Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
- Ningbo – East Mediterranean: Piraeus & Istanbul
- Ningbo – Middle East: Dammam & Dubai
Freight Rate Surcharges Included
- Fuel-related adjustments: Bunker adjustment factor, low sulphur surcharge, emergency bunker surcharges
- Currency-related adjustments: Currency adjustment factor, Yen surcharge
- Seasonal and operational adjustments: Peak season surcharge, war risk surcharge, port congestion surcharge
- Canal-related fees: Suez Canal and Panama Canal surcharges
Freight Rate Surcharges Not Included
- Terminal operation fees
- Security charges
- Inland transport costs
- Booking fees
- Customs clearance fees
The NCFI is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange every Friday. It relies on transactional data from various leading logistics companies like Sinotrans Ningbo Logistics Co., Ltd and Headwin Logistics Co., Ltd, among others. This index provides a comprehensive view of freight rate fluctuations, helping businesses involved in shipping and trade make informed decisions.
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Source: Baltic Exchange
