China Ningbo - Red Sea Container Freight Index 2022

In June 2022, the container freight index for the Ningbo-Red Sea route was about 4,262 points, an increase of 198 points from the previous month. Since April 2021, container freight rates from Ningbo- Zhoushan Port to the Red Sea region have increased remarkably, peaking at around 5,426 points in September of that year.

Monthly China Ningbo - Red Sea Container Freight Index from January 2019 to June 2022

Characteristic	Index points (3rd -9th March, 2012=1,000)
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Release date

July 2022

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Region

China

Survey time period

January 2019 to June 2022

Supplementary notes

Ningbo Container Freight Index (NCFI) objectively reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the information on container freight changes of 21 routes departing from Ningbo-Zhoushan Port, including one composite index and 21 branch route indices.

The routes under the NCFI include those from Ningbo to Europe, the Western Mediterranean, the Eastern Mediterranean, the Black Sea, the Red Sea, West Africa, East Africa, South Africa, North Africa, the West Coast of America, the East Coast of America, the West Coast of South America, the East Coast of South America, the Middle East, India & Pakistan, Thailand & Vietnam, Singapore & Malaysia, Philippines, Australia & New Zealand, West Japan, East Japan, covering the major trade directions and exported regions of exported containers departing from Ningbo-Zhoushan port.
The basis period of NCFI is the 10th week of 2012 (3rd March, 2012 - 9th March, 2012), and the basis index is 1,000 points.
The graph shows values for the last Friday of each month.

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