The Ningbo Containerized Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, reported notable fluctuations across major shipping routes for the week ending March 28, 2025.
Weekly Performance Highlights
- Ningbo to Europe: The freight index for this route was 866.3 points, marking a 0.6% decrease from the previous week.
- Ningbo to West Mediterranean: The index stood at 1,448.75 points, reflecting a 6.46% decline compared to the prior week.
- Ningbo to East Mediterranean: This route experienced a significant drop, with the index at 1,168.17 points, down 15.98% week-over-week.
- Ningbo to Middle East: The freight index recorded 615.71 points, a 2.91% decrease from the preceding week.
Market Implications
The observed declines across these major routes indicate a softening in demand or increased capacity in the container shipping market. Such trends can influence shipping costs and have broader implications for global trade dynamics.
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Source: Baltic Exchange
