China Ningbo Containerized Freight Index (Red Sea routes) down

0 Comment(s)Print E-mail Xinhua, August 15, 2020
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NINGBO, Aug. 15 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported a significant drop in freight indices for the Red Sea routes.

The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 878.6 points Friday, up 4.9 percent compared with last week.

The sub-index for the routes to Red Sea stood at 650.7 points, down 14.4 percent compared with last week.

According to the Ningbo Shipping Exchange, the shipping space is relatively sufficient, causing a significant drop in the freight rates.

Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013. Enditem

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