China Ningbo Containerized Freight Index (Middle East route) drops significantly

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NINGBO, March 5 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported a significant drop in freight indices in the Middle East route.

NCFI, a wind vane of China's busiest port's freight rates for the international container shipping market, stood at 2,152.9 points on Friday, down 4.1 percent compared with a week earlier.

The sub-reading for the Middle East route quoted 1,455.9 points, down 15.0 percent compared with last week.

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

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