- Europe and Mediterranean Routes Lead Weekly Rate Gains.
- Middle East Lane Falls as Other Trades Strengthen.
- Index Update Highlights Strong Westbound Momentum and Active Surcharge Structure.
Freight rates from Ningbo have seen an uptick this week on major westbound routes, particularly in Europe and the Mediterranean, where prices have surged. In contrast, the Middle East experienced a slight decline. This index provides a clear weekly overview of pricing trends along key export corridors, reports Baltic Exchange.
Key route rates this week vs last week
- Ningbo → Europe: 1,024.64 (previously 951.65) → +7.67%
- Ningbo → West Mediterranean: 1,451.89 (previously 1,184.11) → +22.61%
- Ningbo → East Mediterranean: 1,157.43 (previously 986.24) → +17.36%
- Ningbo → Middle East: 1,134.20 (previously 1,164.02) → –2.56%
Companies Submitting Transactional Data
- 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
The reported freight rates include various surcharges, such as fuel/bunker adjustments, emergency fuel surcharges, currency adjustments, peak-season surcharges, war-risk surcharges, port congestion surcharges, and canal transit fees when applicable. However, some costs are not included in the reported ocean freight, like terminal operation fees, security charges, inland/intermodal transport, booking fees, customs clearance, and origin-related charges.
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Source: Baltic Exchange
