China Ningbo Containerized Freight Index (Middle East routes) up

Middle East USA World

NINGBO, July 11 (Xinhua) — The China Ningbo Containerized Freight Index (NCFI) reported an increase in freight indices in the Middle East routes.

NCFI, a wind vane of China’s busiest port’s freight rates for the international container shipping market, stood at 786.9 points on Friday, down 1.4 percent compared with last week.

The sub-reading for the Middle East quoted 707.9 points, up 5.4 percent compared with last week.

Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013.

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