Ningbo Containerised Freight Index: Weekly Update and Key Insights

By
Mfame Editor
-
20

  • NCFI tracks Ningbo’s container freight rates, updated weekly.
  • Rates dropped, with Ningbo-Europe down 10.43%.
  • Key ports include Hamburg, Rotterdam, and Dubai.

The Ningbo Containerised Freight Index (NCFI) is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange. The index details freight rates in Ningbo ports going to key ports around the globe based on transactions from logistics companies. This index is updated every Friday at 16:00 Beijing time, subject to Chinese holidays, reports Baltic Exchange.

Weekly Rates of Freight as well as Variation in Freight

Following are this week’s Ningbo freight rates going to prominent ports:

  1. Ningbo – Europe: $1,248.03 (previous: $1,393.29), -10.43%
  2. Ningbo – West Mediterranean: $1,915.07 (previous: $1,969.96), -2.79%
  3. Ningbo – East Mediterranean: $1,454.13 (previous: $1,536.38), -5.35%
  4. Ningbo – Middle East: $832.34 (previous: $835.52), -0.38%
  5. Key Shipping Routes and Ports Served
  6. Ningbo – Europe: Hamburg & Rotterdam
  7. Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
  8. Ningbo – East Mediterranean: Piraeus & Istanbul
  9. Ningbo – Middle East: Dammam & Dubai

Data Contributors

The NCFI is drawn from transactional data from the following logistics firms:

  1. CCL Logistics Co.
  2. Headwin Logistics Co., Ltd
  3. Ningbo E-Union Group of China
  4. Zhejiang Xinggang International Freight Co., Ltd
  5. Perfectever Logistics (Ningbo) Co., Ltd
  6. Ningbo Jet Express International Freight Forwarding Co., Ltd
  7. Dashing International Logistics
  8. Huanji International
  9. De Well Group
  10. Whale Logistics Co., Ltd
  11. Sinotrans Ningbo Logistics Co., Ltd

Surcharges Included in Reported Freight Rates

  1. Bunker adjustment factor (BAF) / Fuel adjustment factor (FAF) / Low sulfur surcharge
  2. Emergency bunker surcharge / Emergency bunker additional
  3. Currency adjustment factor / Yen applicable surcharge
  4. Peak season surcharge
  5. War risk surcharge
  6. Port congestion surcharge
  7. Suez Canal transit fee / Surcharge / Suez Canal fee
  8. Panama Canal surcharge / Panama Canal charge

Surcharges Not Included in Reported Freight Rates

  1. Terminal operation fee
  2. Security charge
  3. Origin receiving charges
  4. Inland point intermodal
  5. Booking fee
  6. Customs clearance

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Source: Baltic Exchange