The Ningbo Containerised Freight Index (NCFI), which reflects weekly fluctuations in freight rates for standard containers departing from Ningbo to key global markets, recorded mixed movements for the week ending 08 August 2025.
The composite index, covering 20ft, 40ft, and Hi-Cube container rates, showed notable declines on most European and Mediterranean routes, while rates to the Middle East surged.
Weekly Performance Overview
| Route | 08 Aug 2025 | 01 Aug 2025 | Change (%) |
|---|---|---|---|
| Ningbo – Europe | 1,257.71 | 1,372.67 | -8.37% |
| Ningbo – West Mediterranean | 1,328.49 | 1,392.74 | -4.61% |
| Ningbo – East Mediterranean | 968.02 | 1,022.23 | -5.30% |
| Ningbo – Middle East | 801.73 | 652.98 | +22.78% |
Market Analysis
European & Mediterranean Declines
Freight rates from Ningbo to Europe and the Mediterranean weakened across the board. The Ningbo–Europe route (serving Hamburg and Rotterdam) dropped by 8.37%, suggesting declining demand or increased vessel availability. Rates to both West Mediterranean ports (Barcelona, Valencia, Genoa) and East Mediterranean hubs (Piraeus and Istanbul) also fell, down 4.61% and 5.30%, respectively.
Middle East Surges
In contrast, the Ningbo–Middle East route saw a strong rebound, with rates climbing 22.78%. The surge likely reflects tightening capacity, increased regional demand, or short-term disruptions that limited supply. Ports served on this lane include Dammam and Dubai.
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Source: Baltic Exchange
