Transport Demand Remained Stable, The Composite Index Fell Slightly
In the week ending Jun-14, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 647.9 points, slightly falling by 2.8% against last week. Meanwhile,
twelve of the selected twenty-one routes maintain an upward trend while other nine have fallen. In addition, according to the freight indices of the primary ports along the Maritime Silk Road,
nine ports appear a constant rising tendency while other nine are declining.
Freight Information: NCFI selects the data of the freight in the terms of export CIF and CY-CY. The freight rate includes ocean freight and surcharges.
The surcharges includes: Bunker/Fuel Surcharge,Emergency Bunker Surcharge,Low Sulphur Surcharge,Peak Season Surcharge,War Risk Surcharge,Port Congestion Surcharge,Suez Canal Transit Surcharge
The surcharges excludes: Terminal Operation Fee,Security Charge,Origin Received Charges,Inland Point Intermodal,Booking Fee,Customs Clearance Fee
Europe and Mediterranean routes: In the Europe route,the market transportation demand kept stable, some liner companies have greatly reduced the freight rate in order to increase the loading rate. In the Mediterranean route, where capacity were short-supplied, with freight rate remained stable this week. Freight index in the route from NingboEurope quotes 553.4 points, down by 6.0% from one week ago. Freight indices in the routes from Ningbo to East Mediterranean and West Mediterranean quote 515.9 points and 568.8 points, growing by 3.4% and against last week respectively.
North America route: In the North America route, cargo volume is insufficient seriously, and the demand/supply condition keeps weak. The liner company has not implemented new capacity control measures, and the market competition has intensified, resulting in a large drop in freight rates. This week, freight indices in the routes from Ningbo to East America and West America quote 856.7 points and 835.0 points, slipping by 2.7% and 4.0% from one week ago respectively.
Mideast route: In the Mideast route, the decline of the cargo volume lead to loading rate to fall back. Most carriers downed their booking rates for more shipments. This week, freight index in the route from Ningbo-Mideast quotes 754.3 points, down by 12.9%.
South America route: In South America route the market supply and demand fundamentals performed well in the short term, and after the shipping companies push up freight rate, leading sport rate reached the second highest level of the year. This week, freight index in the route from Ningbo to East South America quotes 1087.1 points, up by 10.2% against last week. Freight index in the route from Ningbo to West South America quotes 648.0 points, up by 1.1% against last week.