In June 2022, the container freight index of the China Ningbo - South Africa route was about 5,113 points, an increase of about 1.8 percent from the previous month. Since July 2020, the container freight rate of the Ningbo-Zhoushan Port - South Africa route has surpassed other African routes and become the highest freight rate in Africa.
Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by route
Ningbo Container Freight Index (NCFI) objectively reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the information on container freight changes of 21 routes departing from Ningbo-Zhoushan Port, including one composite index and 21 branch route indices.
The routes under the NCFI include those from Ningbo to Europe, the Western Mediterranean, the Eastern Mediterranean, the Black Sea, the Red Sea, West Africa, East Africa, South Africa, North Africa, the West Coast of America, the East Coast of America, the West Coast of South America, the East Coast of South America, the Middle East, India & Pakistan, Thailand & Vietnam, Singapore & Malaysia, Philippines, Australia & New Zealand, West Japan, East Japan, covering the major trade directions and exported regions of exported containers departing from Ningbo-Zhoushan port.
The basis period of NCFI is the 10th week of 2012 (3rd March, 2012 - 9th March, 2012), and the basis index is 1,000 points.
The graph shows values for the last Friday of each month.
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Ningbo Shipping Exchange. (July 13, 2022). Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by route [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1321097/monthly-china-ningbo-africa-routes-container-freight-indices/
Ningbo Shipping Exchange. "Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by route." Chart. July 13, 2022. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1321097/monthly-china-ningbo-africa-routes-container-freight-indices/
Ningbo Shipping Exchange. (2022). Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by route. Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1321097/monthly-china-ningbo-africa-routes-container-freight-indices/
Ningbo Shipping Exchange. "Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by Route." Statista, Statista Inc., 13 Jul 2022, https://www.statista.com/statistics/1321097/monthly-china-ningbo-africa-routes-container-freight-indices/
Ningbo Shipping Exchange, Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by route Statista, https://www.statista.com/statistics/1321097/monthly-china-ningbo-africa-routes-container-freight-indices/ (last visited October 07, 2024)
Monthly China Ningbo - Africa Container Freight Index from January 2019 to June 2022, by route [Graph], Ningbo Shipping Exchange, July 13, 2022. [Online]. Available: https://www.statista.com/statistics/1321097/monthly-china-ningbo-africa-routes-container-freight-indices/