The composite Ningbo Containerized Freight Index (NCFI) quoted 622.2 points in Week 41, which improved 4.8% from the previous week and has remained on an upward trend for two back-to-back weeks.
More specifically, spot rates for container exports from Ningbo-Zhoushan surged as shipping lines made blank sailings to reduce capacity during the National Day Golden Week.
On the 21 trade routes to which the individual NCFIs are applied, the indices increased on 15 and decreased on the remaining six....