Insights Into The Ningbo Containerized Freight Index

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NCFI reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the changes of container freight rates of 21 routes departing from Ningbo- Zhoushan port, including composite index and 21 individual indices, reports Baltic Exchange.

NCFI selects the data of the freight in the terms of export CIF and CY-CY. The freight rate includes ocean freight and surcharges.

  • The Surcharges Include: Bunker/Fuel Surcharge, Emergency Bunker Surcharge, Low Sulphur Surcharge, Peak Season Surcharge, War Risk Surcharge, Port Congestion Surcharge, Suez Canal Transit Surcharge
  • The surcharges exclude: Terminal Operation Fee, Security Charge, Origin Received Charges, Inland Point Intermodal, Booking Fee, Customs Clearance Fee

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

Route12-04-202405-04-2024Weekly change (%)
Ningbo – Europe1287.711304.82-1.31
Ningbo – West Mediterranean1747.601761.63-0.80
Ningbo – East Mediterranean1483.591473.140.71
Ningbo – Middle East1725.241643.274.99

 

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

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Source: Baltic Exchange