The Ningbo Shipping Exchange has released its latest weekly composite index, covering the rates for 20ft, 40ft, and Hi Cube containers on major shipping routes. This report, compiled every Friday by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, tracks changes in freight rates across multiple regions.
Freight Rate Changes (18-10-2024 vs. 11-10-2024)
- Ningbo to Europe: The rate fell slightly from 1293.91 to 1285.55, a weekly decrease of 0.65%.
- Ningbo to West Mediterranean: Rates dropped by 1.75%, from 1391.47 to 1367.17.
- Ningbo to East Mediterranean: Rates declined by 1.00%, from 1068.77 to 1058.09.
- Ningbo to Middle East: A significant rise was observed, with rates jumping by 48.80%, from 820.40 to 1220.73.
Key Ports Served by These Routes
- Ningbo – Europe: Hamburg and Rotterdam
- Ningbo – West Mediterranean: Barcelona, Valencia, and Genoa
- Ningbo – East Mediterranean: Piraeus and Istanbul
- Ningbo – Middle East: Dammam and Dubai
Data Providers for the Index
The Ningbo Containerised Freight Index is based on transactional data submitted by leading logistics and freight forwarding companies, including CCL Logistics Co., Headwin Logistics Co., Ningbo E-Union Group, and others.
Surcharges Included in the Reported Rates
- Bunker adjustment factor (BAF) / Fuel adjustment factor (FAF)
- 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 and Panama Canal transit fees/surcharges
Surcharges Excluded from the Reported Rates
- Terminal operation fee
- Security charge
- Origin received charges
- Inland point intermodal
- Booking fee
- Customs clearance
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Source: Baltic Exchange
