China Ningbo Containerized Freight Index (U.S. route) falls over 5 pct

Source: Xinhua| 2019-11-23 00:13:36|Editor: yan
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NINGBO, Nov. 22 (Xinhua) -- The China Ningbo Containerized Freight Index (NCFI) reported significant drops in freight indices in the United States routes this week due to slowdown of market shipments.

NCFI, a wind vane of China's busiest port's freight rates for the international container shipping market, stood at 674.2 points Friday, down 2.3 percent from last week.

Freight indices in the routes from Ningbo-Zhoushan port to the east and west coast of the United States quote 782.6 points and 763.2 points accordingly, dropping by 5.7 percent and 6.7 percent from last week.

According to the Ningbo Shipping Exchange, the slowdown of Christmas cargo shipments and delay of some high tax goods have brought down the indices.

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

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