The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, reports box rates for 20ft, 40ft, and Hi-Cube containers across major global trade routes. The index is updated every Friday at 16:00 Beijing time, except during Chinese holidays.
Weekly Rate Changes (September 20, 2024)
The NCFI saw a notable decline across all major routes for the week ending September 20, 2024, compared to the previous week (September 13, 2024):
- Ningbo – Europe: Decreased by 11.57% to 1,629.23 from 1,842.34.
- Ningbo – West Mediterranean: Fell by 10.28% to 1,708.61 from 1,904.46.
- Ningbo – East Mediterranean: Dropped by 11.14% to 1,306.79 from 1,470.59.
- Ningbo – Middle East: Experienced the sharpest decline, down 26.79% to 670.15 from 915.39.
Ports Served by Each Route
- Ningbo – Europe: Ports of Hamburg and Rotterdam
- Ningbo – West Mediterranean: Ports of Barcelona, Valencia, and Genoa
- Ningbo – East Mediterranean: Ports of Piraeus and Istanbul
- Ningbo – Middle East: Ports of Dammam and Dubai
Data Contributors
The NCFI is based on real transactional data submitted by various logistics companies, including:
- 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 Reported Freight Rates
The total ocean freight reported in the NCFI includes the following surcharges:
- Bunker Adjustment Factor (BAF), Fuel Adjustment Factor (FAF), Low Sulphur Surcharge
- Emergency Bunker Surcharge/Additional
- Currency Adjustment Factor (CAF), Yen Applicability Surcharge
- Peak Season Surcharge
- War Risk Surcharge
- Port Congestion Surcharge
- Suez Canal Transit Fee/Surcharge, Suez Canal Fee, Panama Canal Surcharge/Charge
Surcharges Not Included
Certain charges are not included in the total ocean freight reported, such as:
- Terminal Operation Fees
- Security Charges
- Origin Received Charges
- Inland Point Intermodal
- Booking Fees
- Customs Clearance
This comprehensive index provides key insights into shipping trends and freight rate fluctuations, helping stakeholders better understand the dynamics of global container shipping.
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Source: Baltic Exchange
