NCFI Shows Diverging Trends as Middle East Rates Surge

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The latest update of the Ningbo Containerised Freight Index (NCFI), released by the Ningbo Shipping Exchange, reveals notable divergence across major trade lanes, with most routes slipping week-on-week while rates to the Middle East recorded a sharp upswing.

Route 05-12-2025 28-11-2025 Weekly change (%)
Ningbo – Europe 967.55 1024.64 -5.57
Ningbo – West Mediterranean 1442.92 1451.89 -0.62
Ningbo – East Mediterranean 1138.63 1157.43 -1.62
Ningbo – Middle East 1355.86 1134.20 19.54

The significant jump on the Middle East route stands out as one of the strongest weekly increases in recent months, driven by tightening capacity and stronger export demand into Gulf markets. In contrast, European and Mediterranean lanes saw modest, broad-based softening as supply outpaced seasonal demand.

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Source: Baltic Exchange