- The Ningbo Containerised Freight Index (NCFI) is a weekly composite index that tracks the shipping rates for 20ft, 40ft, and Hi Cube containers.
- Compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, the NCFI provides valuable insights into freight rate trends.
- The index is reported every Friday at 1600 (Beijing), excluding Chinese holidays.
Weekly Changes by Route
– Ningbo – Europe
– May 24, 2024: 2353.83
– May 17, 2024: 2120.20
– Weekly Change: +11.02%
– Ningbo – West Mediterranean
– May 24, 2024: 2743.00
– May 17, 2024: 2440.46
– Weekly Change: +12.40%
– Ningbo – East Mediterranean
– May 24, 2024: 2145.87
– May 17, 2024: 1966.72
– Weekly Change: +9.11%
– Ningbo – Middle East
– May 24, 2024: 2118.95
– May 17, 2024: 2031.01
– Weekly Change: +4.33%
Ports Served by Route
– Ningbo – Europe: Hamburg & Rotterdam
– Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
– Ningbo – East Mediterranean: Piraeus & Istanbul
– Ningbo – Middle East: Dammam & Dubai
Data Contributors
The NCFI is based on transactional data submitted by 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
- Sinotrans Ningbo Logistics Co., Ltd
Surcharges Included in the Index
- 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 Index
- Terminal operation fee
- Security charge
- Origin received charges
- Inland point intermodal
- Booking fee
- Customs clearance
The NCFI provides a comprehensive overview of shipping rate trends, aiding stakeholders in making informed decisions based on current market conditions.
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Source: Baltic Exchange
