News
The Ningbo Containerized Freight Index (NCFI) averaged 1,304.9 points in April, up 1.3% from the previous month and 80.5% from the same month of 2023, according to the Ningbo Shipping Exchange (NBSE).
On the 21 trade lanes to which the individual NCFIs are applied, there were increases on 16 lanes and decreases on the remining five. On the route to 16 major ports on the so-called Maritime Silk Road, there were improvements on all of the 16.
More specifically, the NCFIs stood at an average of 1,354.8 points to Europe, down 2.8% from March and up 144.5% from April 2023. The indices closed at 1,492 points on average to the Eastern Mediterranean, up 2.2% from a month earlier and up 70.4% from a year earlier, and 1,797.5 points to the Western Mediterranean, up 0.9% month on month, and 80% year on year.
On the route to North America, the NCFIs came to 1,306.6 points to the east coast, down 24.7% from the previous month, and up 64.6% from the corresponding month of the previous year, and 1,738.4 points to the west coast, up 19.8% from March, and up 102.1% from April 2023.
To the Middle East, the NCFI reached an average of 1,646.6 points, up 37.4% from a month earlier, and 66.7% from a year earlier.
To West ciast of South America, the NCFI quoted to 1,399.4 points, up 72.3% month on month, and 50.3% year on year.
The NCFI is an indicator for ex-Ningbo-Zhoushan container export freight rates, set at a baseline 1,000 points in Week 10 of 2012.
