The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, provides a comprehensive overview of container freight rates across various global trade routes. The index is updated weekly, reflecting the dynamic nature of international shipping costs.
Key highlights
- Ningbo to Europe: The index for this route stands at 1,036.38, marking a 7.25% increase from the previous week. This uptick indicates a growing demand for shipments to European ports, possibly driven by seasonal trade surges or increased economic activity in Europe.
- Ningbo to West Mediterranean: The index is recorded at 1,548.79, experiencing a 4.69% decrease. This decline may suggest a softening in demand or capacity adjustments by carriers on this route.
- Ningbo to East Mediterranean: With an index of 1,390.42, this route saw an 8.91% rise, highlighting a robust demand for shipments to Eastern Mediterranean ports.
- Ningbo to Middle East: The index here is 634.14, reflecting a 9.79% drop. This significant decrease could be attributed to various factors, including geopolitical tensions, changes in oil prices, or shifts in trade patterns.
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Source: Baltic Exchange
