Abstract : The China Ningbo Containerized Freight Index (NCFI) reported a soar in freight indices in the east South America routes.
NINGBO, July 25 (Xinhua) — The China Ningbo Containerized Freight Index (NCFI) reported a soar in freight indices in the east South America routes.
The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 779.2 points Friday, down 0.6 percent compared with last week.
The sub-reading for the east coast of South America quoted 527.4 points, up 88.7 percent from last week.
According to the Ningbo Shipping Exchange, as last week’s freight rates hit a new low since 2019, liner companies plan to push up the freight rates in August, causing a significant rise this week.
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013. Enditem
About Xinhua Silk Road
Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).
Source: China Ningbo Containerized Freight Index (South America routes) soars