Ningbo Containerised Freight Index: Insights into Composite Box Rates And Surcharges

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

Ningbo Containerised Freight Index 

Route 29-03-202422-03-2024Weekly change (%)
Ningbo – Europe1323.151319.930.24
Ningbo – West Mediterranean1806.301643.889.88
Ningbo – East Mediterranean1499.751360.3610.25
Ningbo – Middle East1503.121168.8628.60
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).
Route Port Served 
Ningbo – EuropeHamburg & Rotterdam
Ningbo – West MediterraneanBarcelona, Valencia & Genoa
Ningbo – East MediterraneanPiraeus & Istanbul
Ningbo – Middle EastDammam & Dubai
The Ningbo Containerised Freight Indexis 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 applica 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: Baltic Exchange