China Ningbo Containerized Freight Index (Red Sea route) rises significantly

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NINGBO, Nov. 27 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported a significant rise in freight indices in the Red Sea route.

The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 1,721.6 points on Friday, up 11.9 percent compared with last week.

The sub-index for the route to Red Sea stood at 2,034.6 points, up 11.9 percent compared with last week.

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

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