Charting the Waves: Ningbo Container Freight Index Unveils Weekly Route Dynamics

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Weekly composite index covering 20ft, 40ft, and Hi-Cube box rates by Ningbo Shipping Exchange.

Route26-04-202419-04-2024Weekly change (%)
Ningbo – Europe1540.531285.9919.79
Ningbo – West Mediterranean1932.681748.0710.56
Ningbo – East Mediterranean1541.451469.984.86
Ningbo – Middle East1616.751601.260.97

The weekly Ningbo Containerised Freight Index is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange. The index is reported every Friday (except Chinese holidays) at 1600 (Beijing).

RoutePort Served
Ningbo – EuropeHamburg & Rotterdam
Ningbo – West MediterraneanBarcelona, Valencia & Genoa
Ningbo – East MediterraneanPiraeus & Istanbul
Ningbo – Middle EastDammam & Dubai

The Ningbo Containerised Freight Index is based on transactional data submitted by:

  • CCL Logistics Co
  • Headwin Logistics Co., Ltd
  • Ningbo E-Union Group of China
  • Zhejiang Xinggang International Freight Co., Ltd
  • Perfectever Logistics (Ningbo) Co., Ltd
  • Ningbo Jet Express International Freight Forwarding Co., Ltd
  • Dashing International Logistics
  • Huanji International
  • De Well Group
  • Whale Logistics Co., Ltd
  • Sinotrans Ningbo Logistics Co., Ltd

Surcharges included in the total ocean freight reported:

  • Bunker adjustment factor/ fuel adjustment factor/ low sulphur surcharge
  • Emergency bunker surcharge/ emergency bunker additional
  • Currency adjustment factor/ Yen application surcharge
  • Peak season surcharge
  • War risk surcharge
  • Port congestion surcharge
  • Suez Canal transit fee/surcharge/ Suez Canal fee/ Panama Canal surcharge/ Panama Canal charge

Surcharges not included in the total ocean freight reported:

  • Terminal operation fee
  • Security charge
  • Origin received charges
  • Inland point intermodal
  • Booking fee
  • Customs clearance

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Source: Ningbo