China Ningbo Containerized Freight Index (Australia & New Zealand route) fall 9.3 pct

Source: Xinhua| 2019-11-15 22:49:04|Editor: Mu Xuequan
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NINGBO, Nov. 15 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) has seen a significant drop in freight indices in the Australia and New Zealand route due to slowdown of shipments.

The NCFI, a wind vane of China's busiest port's freight rates for the international container shipping market, stood at 690.2 points Friday, down 4.9 percent from last week.

Freight indices in the route from Ningbo-Zhoushan port to the ports in Australia and New Zealand quotes 1,530.9 points, dropping by 9.3 percent from last week.

According to the Ningbo Shipping Exchange, the slowdown of market shipments has brought down the indices.

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

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