China Ningbo Containerized Freight Index (U.S. routes) drops slightly
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E-mail Xinhua, February 7, 2020
NINGBO, Feb. 7 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported slight drops in freight indices in the routes to the U.S.
The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 901.7 points Friday, down 3.9 percent compared with last week.
The sub-reading for the east and west coast of the United States quoted 1,003.4 points and 910.3 points, down 0.5 percent and 0.4 percent from last week respectively.
According to the Ningbo Shipping Exchange, liner companies continued to maintain large-scale temporary suspensions, and there was no significant fluctuation in market freight rates.
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013. Enditem
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