Weekly Ningbo Containerized Freight Index Covers Cube Box Rates

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Ningbo Shipping Exchange

The index covers 20ft, 40ft, and Hi Cube box rates is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange.

Route 19-01-2024 12-01-2024 Weekly change (%)
Ningbo – Europe 2037.12 2219.04 -8.20
Ningbo – West Mediterranean 2529.93 2747.88 -7.93
Ningbo – East Mediterranean 2010.77 2238.50 -10.17
Ningbo – Middle East 1369.98 1505.14 -8.98

Release Schedule

Updated every Friday at 1600 (Beijing time), excluding Chinese holidays.

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

Contributing Companies

Transactional data is sourced from reputable 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

Reported Ocean Freight Includes Various Surcharges

Included in the total ocean freight reported are surcharges such as

  • Bunker adjustment factor/fuel adjustment factor/low sulfur 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
  • Excluded Surcharges from Total Ocean Freight

Certain surcharges are not included in the total ocean freight reported, namely

  • 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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