- The Ningbo Containerized Freight Index, overseen by the Ningbo Shipping Exchange and endorsed by the Baltic Exchange, tracks weekly shipping rates across key routes like Europe, the West and East Mediterranean, and the Middle East.
- Compiled from data contributed by major logistics firms, it includes various surcharges but excludes specific fees like terminal operations and security charges, providing a comprehensive insight into international container shipping dynamics.
Ningbo Shipping Exchange
Weekly composite index covering 20ft, 40ft and Hi-Cube box rates by
Route 15-12-2023 08-12-2023 Weekly change (%)
- Ningbo – Europe 712.43 604.73 17.81
- Ningbo – West Mediterranean 1036.54 882.54 17.45
- Ningbo – East Mediterranean 874.33 753.53 16.03
- Ningbo – Middle East 908.60 870.84 4.34
Friday Report
The weekly Ningbo Containerized Freight Index is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange. The index is reported every Friday (except Chinese holidays) at 1600 (Beijing).
- Route Ningbo – Port Served
- EuropeNingbo – Hamburg & Rotterdam
- West Mediterranean Ningbo – Barcelona, Valencia & Genoa
- East Mediterranean Ningbo – Piraeus & Istanbul
- Middle East – Dammam & Dubai
Transactional data Submitters
The Ningbo Containerized Freight Index is based on transactional data submitted by:
- 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
Surcharges included in the total ocean freight reported:
- Bunker adjustment factor/ fuel adjustment factor/ 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 transit fee/surcharge/ Suez Canal fee/ Panama Canal surcharge/ Panama Canal charge
Surcharges not included in the 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
