Overview of Weekly Composite Index
The Ningbo Containerized Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, provides a snapshot of shipping rates for 20ft, 40ft, and Hi Cube containers. This index is reported every Friday at 16:00 (Beijing), except during Chinese holidays.
Index Values and Weekly Changes
For the week of August 2, 2024, the index values and weekly changes are as follows:
- Ningbo – Europe: 3505.84 (down 1.85% from 3572.01)
- Ningbo – West Mediterranean: 3117.13 (down 2.01% from 3181.07)
- Ningbo – East Mediterranean: 2381.37 (down 2.22% from 2435.51)
- Ningbo – Middle East: 1778.22 (up 5.83% from 1680.19)
Ports Served by Routes
- Ningbo – Europe: Hamburg & Rotterdam
- Ningbo – West Mediterranean: Barcelona, Valencia & Genoa
- Ningbo – East Mediterranean: Piraeus & Istanbul
- Ningbo – Middle East: Dammam & Dubai
Data Contributors
The NCFI is based on transactional data submitted by the following companies:
- 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 Surcharges
The total ocean freight reported in the NCFI includes the following surcharges:
- 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
Excluded Surcharges
The total ocean freight reported in the NCFI does not include:
- Terminal operation fee
- Security charge
- Origin received charges
- Inland point intermodal
- Booking fee
- Customs clearance
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Source: Baltic Exchange
