News
In Week 38 ended on September 18, Ningbo Containerized Freight Index (NCFI)
(NCFI) issued by Ningbo Shipping Exchange (NBSE) closed at 1193.1 points, slightly down by 2.5% against the previous week. Meanwhile, ten of the selected twenty-one routes maintain a downward trend while other nine have fallen. Among the major ports along the ''Maritime Silk Road,'' the freight rates of 12 ports increased and the freight rates of 5 ports decreased.
NCFI reflects the fluctuation of freight rates of international container shipping market by calculating and recording the changes of container freight rates of 21 routes departing from Ningbo- Zhoushan port, including composite index and 21 individual indices.
On the Europe route, freight index was 868.8 points, down 2.6% from a week before while freight indices in the routes from Ningbo to East Mediterranean and West Mediterranean quoted 813.1 points and 933.6 points, down by 1.0% and up by 1.0% respectively.
On the transpacific trade, an index from Ningbo to the U.S. East Coast was 1638.5 points, and to the U.S. West Coast 2303.3 points, down 7.5% and 10.0% week on week, respectively.
The Middle East route index was 1189.1 points, up 5.1% while the Red Sea index surged 30.0% to 1455.8 points as the National Day holiday approached.
