Freight Rates from Ningbo Tumble: Middle East Route Sees Biggest Drop

Weekly freight rates from Ningbo declined, with the biggest drop on the Ningbo-Middle East route (-9.61%).
Ningbo-Europe rates fell by -8.62%, while the West and East Mediterranean routes dropped -7.89% and -3.74%, respectively.
The Ningbo Containerised Freight Index (NCFI), is compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange.

The Ningbo Containerised Freight Index (NCFI) saw a significant drop in shipping rates this week across Europe, the Mediterranean, and the...