Freight rates for container exports from the Chinese port of Ningbo-Zhoushan stopped falling in Week 40 due to a significant reduction in shipping capacity during the National Day Golden Week beginning on 1 October.
According to the Ningbo Shipping Exchange (NBSE), the composite Ningbo Containerized Freight Index (NCFI) was 593.8 points, up 0.8% from the previous week.
There were rises on 11 and declines on the other 10 of the 21 trade routes to which the individual NCFIs are applied. On routes...