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Industry

China Ningbo Containerized Freight Index up slightly

February 04, 2020


Abstract : The China Ningbo Containerized Freight Index (NCFI), a wind vane of China's busiest port's freight rates for the international container shipping market, stood at 938.2 points on Jan. 31, up 0.2 percent compared with last Friday.

NINGBO, Feb. 3 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI), a wind vane of China's busiest port's freight rates for the international container shipping market, stood at 938.2 points on Jan. 31, up 0.2 percent compared with last Friday.

The NCFI 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.

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

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Keyword: shipping NCFI

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