Transportation demand remained stable and freight rates increased
Ningbo Containerized Freight Index： In the week ending Nov6, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 1378.1 points, slightly up by 4.4% against last week. Meanwhile, sixteen of the selected twentyone routes maintain an upward trend while other five have fallen. In addition, according to the freight indices of the primary ports along the Maritime Silk Road, sixteen ports appear a constant rising tendency while other one are declining.
Europe and Mediterranean routes: As the transportation demand remained stable and the supply for this route was still on shortage, most carriers increased the freight rates in November. This week, freight index in the route from NingboEurope quotes 983.9 points, increasing 7.5% from one week ago. Freight indices in the routes from Ningbo to East Mediterranean and West Mediterranean quote 916.4 points and 1018.7 points, growing by 3.9% and rising by 1.7% against last week respectively.
North America route: Due to the recent increase of add overtime ships, the scale of shipping capacity has increased accordingly. However, the loading rate of this route is still close to full, and the freight rate continues to remain high because of the huge transportation demand. This week, freight indices in the routes from Ningbo to East America and West America quote 1660.6 points and 2344.2 points, increasing by 0.2% and dipping by 0.1% from one week ago respectively.
Mideast route: Carriers continue to implement capacity control measures such as blank sailings, the overall space is tight, and the freight rate rises accordingly. This week, freight index in the route from Ningbo-Mideast quotes 1343.8 points, having a week-on-week increase of 12.0% compared with last week.
Thailand& Vietnam route: This route was greatly affected by the lack of containers, and the actual available space was severely tight. The market transport demand continued to be hot, and the freight rate continued to rise sharply. This week, freight index in the route from Ningbo to Thailand& Vietnam route quotes 1732.3 points, up by 46.7% against last week.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
Please Contact Us at：
media@xindemarine.com
.gif)
