China Ningbo Containerized Freight Index (U.S. routes) rises slightly
The China Ningbo Containerized Freight Index (NCFI) reported slight increases in freight indices in the routes to the U.S.
The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 936.3 points Friday, down 0.3 percent compared with last week.
The sub-reading for the east and west coast of the United States quoted 1,025.3 points and 942.3 points, up 0.1 percent and 0.4 percent from last week respectively.
According to the Ningbo Shipping Exchange, in light of the good supply and demand relationship, most liner companies did not adjust the booking prices.
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013.