China Ningbo Containerized Freight Index up 9.8 pct in January

0 Comment(s)Print E-mail Xinhua, February 14, 2020
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NINGBO, Feb. 14 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) stood at 955.7 points at the end of January, up 9.8 percent from December and 22.1 percent over the previous year.

The index is issued weekly by the Ningbo Shipping Exchange, located in the Ningbo-Zhoushan port in east China's Zhejiang Province.

The index calculates and records the container freight rates of 21 routes departing from the Ningbo-Zhoushan port, including a composite index and 21 indexes of branch routes.

Among the 21 routes, the indices of 18 routes rose, while those of the rest fell. Among the major ports along the "Maritime Silk Road", 17 reported higher freight rates, one reported lower rate. Enditem

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