- The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, tracks freight rates for 20ft, 40ft, and Hi-Cube containers on key trade routes.
- This week’s composite index shows a decline across all reported routes, with the sharpest weekly drop of -5.45% on the Ningbo-Middle East route.
- Transactional data and surcharges provide transparency for freight trends but exclude certain inland and terminal-related costs.
Weekly Freight Rate Changes
The NCFI reported the following rates and changes for the week ending 13 December 2024:
Ningbo – Europe
- Rate: $2,082.58
- Previous Week: $2,124.11
- Weekly Change: -1.96%
Ningbo – West Mediterranean
- Rate: $2,476.52
- Previous Week: $2,493.89
- Weekly Change: -0.70%
Ningbo – East Mediterranean
- Rate: $1,933.62
- Previous Week: $1,987.62
- Weekly Change: -2.72%
Ningbo – Middle East
- Rate: $1,199.02
- Previous Week: $1,268.11
- Weekly Change: -5.45%
Key Port Destinations
- Ningbo – Europe: Hamburg & Rotterdam
- Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
- Ningbo – East Mediterranean: Piraeus & Istanbul
- Ningbo – Middle East: Dammam & Dubai
Data Contributors
The index is based on transactional data from the following companies:
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, and Sinotrans Ningbo Logistics Co., Ltd.
Included and Excluded Surcharges
Included in Total Ocean Freight
- Bunker adjustment factor (BAF), fuel adjustment factor (FAF), low sulphur surcharge
- Emergency bunker surcharge/additional
- Currency adjustment factor (CAF), yen applicable surcharge
- Peak season surcharge (PSS)
- War risk surcharge (WRS)
- Port congestion surcharge
- Suez Canal transit fee/surcharge, Panama Canal surcharge
Excluded from Total Ocean Freight
- Terminal operation fee (TOF)
- Security charge
- Origin received charges (ORC)
- Inland point intermodal (IPI)
- Booking fee
- Customs clearance
The index is published weekly every Friday at 1600 (Beijing), except during Chinese holidays.
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Source: Baltic Exchange
