Weekly composite index covering 20ft, 40ft and Hi Cube box rates by

Ningbo Shipping Exchange

Route  03-02-2023 27-01-2023 Weekly change (%)
Ningbo - Europe 621.24 658.30 -5.63
Ningbo - West Mediterranean 1183.93 1190.17 -0.52
Ningbo - East Mediterranean 995.62 1043.84 -4.62
Ningbo - Middle East 817.97 667.66 22.51

The weekly Ningbo Containerised Freight Index is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange.
The index is reported every Friday (except Chinese holidays) at 1600 (Beijing). 

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

The Ningbo Containerised Freight Index is based on transactional data submitted by: 

  • 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

Surcharges included in the total ocean freight reported:

  • 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

Surcharges not included in the total ocean freight reported:

  • Terminal operation fee
  • Security charge
  • Origin received charges
  • Inland point intermodal
  • Booking fee
  • Customs clearance