Ningbo Containerised Freight Index (NCFI) – Weekly Update

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  • The Ningbo Containerised Freight Index (NCFI) is a weekly benchmark that tracks freight rates for container shipping departing from Ningbo-Zhoushan Port in China.
  • It’s compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange.

Key Points

  • The NCFI is reported every Friday (except Chinese holidays) at 4:00 PM Beijing time.
  • It’s a composite index that considers freight rates for 20ft, 40ft, and High Cube containers across various routes.
  • This update reflects freight rates from June 28th, 2024, compared to June 21st, 2024.

Freight Rate Changes (Week-on-Week)

Route28-06-202421-06-2024Weekly change (%)
Ningbo – Europe3537.133129.4213.03
Ningbo – West Mediterranean3455.533090.1811.82
Ningbo – East Mediterranean2623.712369.7110.72
Ningbo – Middle East1884.012107.90-10.62
  • Routes with Increases:
    • Ningbo – Europe (up 13.03%)
    • Ningbo – West Mediterranean (up 11.82%)
    • Ningbo – East Mediterranean (up 10.72%)
  • Route with Decrease:
    • Ningbo – Middle East (down 10.62%)

Sample Port Coverage

  • Ningbo – Europe: Hamburg & Rotterdam
  • Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
  • Ningbo – East Mediterranean: Piraeus & Istanbul
  • Ningbo – Middle East: Dammam & Dubai

Data Source

The NCFI is based on transactional data submitted by leading logistics companies in Ningbo.

Surcharges Included in Rates

  • Bunker adjustment factor (BAF) / Fuel adjustment factor (FAF) / Low sulfur 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

  • Terminal operation fee
  • Security charge
  • Origin received charges
  • Inland point intermodal
  • Booking fee
  • Customs clearance

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Source: Baltic Exchange