In the week ending Aug-30, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 686.5 points, slightly up by 1.9% against last week. Meanwhile, eight of the selected twenty-one routes maintain an upward trend while other thirteen have fallen. In addition, according to the freight indices of the primary ports along the Maritime Silk Road, five ports appear a constant rising tendency while other thirteen are declining.
Freight Information: NCFI selects the data of the freight in the terms of export CIF and CY-CY. The freight rate includes ocean freight and surcharges.
The surcharges includes: Bunker/Fuel Surcharge, Emergency Bunker Surcharge, Low Sulphur Surcharge, Peak Season Surcharge, War Risk Surcharge, Port Congestion Surcharge, Suez Canal Transit Surcharge
The surcharges excludes: Terminal Operation Fee, Security Charge, Origin Received Charges, Inland Point Intermodal, Booking Fee, Customs Clearance Fee
Europe and Mediterranean routes: In the Europe and Mediterranean route, cargo volume is insufficient seriously, and the demand/supply condition keeps weak freight rate slides continuously . This week, freight index in the route from NingboEurope quotes 568.5 points, down by 7.3% from one week ago. Freight indices in the routes from Ningbo to East Mediterranean and West Mediterranean quote 620.7 points and 698.6 points, reducing by 7.8% and 5.8% against last week respectively.
North America route: In the North America route, transport market stabilizes and cargo volume stays on the relatively high level. The liner company implemented the push-up plan for the voyage sailing in September. Freight rates have risen, especially on the West America route. This week, freight indices in the routes from Ningbo to East America and West America quote 948.5 points and 983.3 points, increasing by 10.0% and 25.6% from one week ago respectively.
Mideast route: In the Mideast route, limited recovery was seen on the cargo volume. The liner company’s loading rate failed to meet expectations, and the freight rate fell slightly. This week, freight index in the route from Ningbo-Mideast quotes 586.5 points, down by 5.9%.
Red Sea route: In the Red Sea route, the liner company implemented the freight rate increase plan, due to the blank sailing of several voyages next week,the booking rate has increased significantly this week. Freight index in the route from Ningbo to Red Sea route quotes 912.7 points, up by 30.9% against last week.
Source: Ningbo Shipping Exchange (NBSE)