Mediterranean Routes Lead Freight Rate Rally as NCFI Surges Sharply

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Freight rates on major routes from Ningbo rose sharply this week, driven by a rebound in cargo volumes and improving demand across European and Mediterranean markets, reports Baltic Exchange.

According to the Ningbo Shipping Exchange, the Ningbo Containerised Freight Index (NCFI) showed strong weekly growth across all four key trade routes, with the Europe and Mediterranean lanes leading the surge.

Route  31-10-2025 24-10-2025 Weekly change (%)
Ningbo – Europe 965.62 822.30 17.43
Ningbo – West Mediterranean 1249.08 989.35 26.25
Ningbo – East Mediterranean 982.71 719.37 36.31
Ningbo – Middle East 1198.68 1155.52 3.74

The latest report underscores renewed momentum in the container shipping market as year-end demand and inventory restocking continue to drive upward pressure on freight rates.

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Source: Baltic Exchange