Container freight rates out of Ningbo fell across all key trade routes in the week ending September 19, according to the latest Ningbo Containerised Freight Index (NCFI) published by the Ningbo Shipping Exchange and promoted by the Baltic Exchange.
The composite index, which tracks rates for 20ft, 40ft, and Hi Cube containers, showed notable week-on-week declines, reflecting continued softening demand and increased vessel capacity.
Weekly Index Changes (as of 19 September 2025)
- Ningbo – Europe (Hamburg & Rotterdam): 673.61, down 7.65%
- Ningbo – West Mediterranean (Barcelona, Valencia & Genoa): 867.61, down 7.48%
- Ningbo – East Mediterranean (Piraeus & Istanbul): 706.26, down 5.76%
- Ningbo – Middle East (Dammam & Dubai): 595.87, down 17.56%
The sharpest decline was seen on the Middle East route, where rates plunged by 17.56% to 595.87, reflecting weaker booking activity and excess space availability on vessels bound for Dammam and Dubai.
The Ningbo Containerised Freight Index is published every Friday at 16:00 (Beijing time), except during Chinese public holidays. It serves as a benchmark for short-term container freight trends and is widely used by shippers and carriers globally.
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Source: Baltic Exchange
