Weekly Composite Index for Container Freight Rates by Ningbo Shipping Exchange

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The Ningbo Containerised Freight Index (NCFI) is a weekly composite index covering rates for 20ft, 40ft, and Hi-Cube containers. Compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, the index provides valuable insights into shipping rates and trends. It is reported every Friday at 1600 (Beijing), except during Chinese holidays.

Weekly Rate Changes by Route

The following table outlines the rate changes for the week ending June 7, 2024, compared to the previous week (May 31, 2024):

Route07-06-202431-05-2024Weekly change(%)
Ningbo-Europe2823.632681.075.32
Ningbo-West Mediterranean3050.602998.721.73
Ningbo-East Mediterranean2394.462364.071.29
Ningbo-Middle East2314.692254.092.69

 

Routes and Ports Served

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

Contributing Companies and Data Collection

The NCFI is based on transactional data submitted by various logistics companies, including:

– 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

Included and Excluded Surcharges

The total ocean freight reported in the NCFI includes the following surcharges:

– Bunker adjustment factor/fuel adjustment factor/low sulfur surcharge
– Emergency bunker surcharge/emergency bunker additional
– Currency adjustment factor/Yen applicable surcharge
– Peak season surcharge
– War risk surcharge
– Port congestion surcharge
– Suez Canal transit fee/surcharge/Suez Canal fee
– Panama Canal surcharge/Panama Canal charge

The surcharges not included in the total ocean freight reported are:

– 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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