Unveiling Container Freight Realities Through the Ningbo Shipping Exchange

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The weekly composite index tracks container rates for 20ft, 40ft, and Hi-Cube units, offering a comprehensive snapshot of shipping costs by Ningbo Shipping Exchange.

Ningbo Shipping exchange

Route 05-01-202429-12-2023Weekly change (%)
Ningbo – Europe1970.001792.429.91
Ningbo – West Mediterranean2335.562257.013.48
Ningbo – East Mediterranean1946.901939.210.40
Ningbo – Middle East1941.362089.80-7.10

 

The weekly Ningbo Containerised 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 Port Served 
Ningbo – EuropeHamburg & Rotterdam
Ningbo – West MediterraneanBarcelona, Valencia & Genoa
Ningbo – East MediterraneanPiraeus & Istanbul
Ningbo – Middle EastDammam & Dubai

Transactional data

The Ningbo Containerised 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 application 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

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