Ningbo Containerised Freight Index Weekly Update

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The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, is released every Friday at 1600 (Beijing time), excluding Chinese holidays. This report includes:

– Ningbo to Europe: Increased from 2353.83 to 2681.07, a rise of 13.90%
– Ningbo to West Mediterranean: Increased from 2743.00 to 2998.72, a rise of 9.32%
– Ningbo to East Mediterranean: Increased from 2145.87 to 2364.07, a rise of 10.17%
– Ningbo to the Middle East: Increased from 2118.95 to 2254.09, a rise of 6.38%

Ports Served by Each Route

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

Data Contributors

The index is based on transactional data from 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 Total Ocean Freight Reported

– Bunker adjustment factor (BAF)
– Fuel adjustment factor (FAF)
– Low sulphur surcharge
– Emergency bunker surcharge
– Emergency bunker additional
– Currency adjustment factor (CAF)
– 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 Total Ocean Freight Reported

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

 

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Source: Baltic Exchange

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