Ningbo Containerised Freight Index Report For May 24, 2024

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  • 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