China Ningbo Containerized Freight Index (Black Sea route) soars in December
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E-mail Xinhua, January 04, 2021
NINGBO, Jan. 4 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported a soar in freight indices in the Black Sea route.
The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 2,097.4 points in December, up 37 percent compared with the previous month.
The sub-index for the route to Black Sea stood at 2,038.8 points, up 73.9 percent compared with the previous month and up 152.9 percent year on year.
According to the Ningbo Shipping Exchange, at the end of last year, due to strong demand for transportation, large delays in shipping schedule, shortage of container equipment, suspension of shipping and port hopping and other problems, the shipping market was short of space and containers. Since December, the liner company has continued to increase the market booking price. Some liner companies announced the market booking rate for the base port of the Black Sea route after January 2021 is close to 10,000 USD/FEU (Forty-foot Equivalent Unit).
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013. Enditem
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