The Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange and endorsed by the Baltic Exchange, offers a weekly snapshot of container freight rates. The index covers key routes, and its data is provided by prominent logistics entities.
Key Highlights
- Ningbo to Europe: Rate surged by 20.05%, reaching 573.16.
- Ningbo to West Mediterranean: Experienced a 4.83% decline, registering 744.07.
- Ningbo to East Mediterranean: Increased by 6.27%, reaching 659.74.
- Ningbo to the Middle East: Declined by 3.38%, standing at 809.86.
Operational Details
- The index, released every Friday, serves major ports such as Hamburg, Rotterdam, Barcelona, Valencia, Genoa, Piraeus, Istanbul, Dammam, and Dubai.
- Data contributors include logistics leaders like CCL Logistics, Headwin Logistics, and Ningbo E-Union Group, among others.
Surcharges Overview
- The reported ocean freight includes various surcharges like bunker adjustment, emergency bunker, currency adjustment, peak season, war risk, and port congestion.
- Excluded surcharges encompass terminal operation, security charges, origin received charges, inland point intermodal, booking fees, and customs clearance.
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Source: Balticexchange
