The main body of the paper is from the Ningbo Shipping Exchange. The Ningbo Export Container Freight Index (NCFI) of the Maritime Silk Road Index released by the Ningbo Shipping Exchange closed at 705.0, down 1.3% from last week. Among the 21 routes, the freight index of 7 routes rose, and the freight index of 14 routes fell. Among the major ports along the "Maritime Silk Road", the freight index of 9 ports rose and the freight index of 7 ports fell.



The key route indexes during the reporting period are as follows:


Euro-German route: the production capacity of the factory is gradually recovering, the market transportation demand is still insufficient, and the freight rate continues to decline. The freight rate of European routes dropped 1.6% from last week; The freight rate of the eastern route dropped by 3.1% compared with last week; The freight rate of the Dixi route dropped 5.9% from last week.

North American routes: the recovery of market cargo volume is limited, and the loading rate forces the liner companies to make further downward adjustments in the formulation of freight rates. The freight rate of the U.S. - East route dropped 4.1% from last week; The freight rate of the U.S. - West route dropped 4.2% from last week.

Middle East routes: After the sharp rise in freight rates last week, the overall fluctuation of freight rates this week is stable. The freight rate of the Middle East route dropped 1.5% from last week.

South America East Route: The route capacity has been significantly reduced through temporary suspension and other means, the loading rate has risen rapidly, and the spot price has rebounded significantly. The freight rate of the South American West Route increased by 28.7% from last week

The changes in the freight index of major ports along the Maritime Silk Road are as follows:

ASEAN region: the freight index of four ports rose this week, while the freight index of two ports fell. Among them,

Ningbo (China) - Singapore (Singapore) freight index rose 3.7% month-on-month;

Ningbo (China) - Klang (Malaysia) freight index rose 12.4% month-on-month;

Ningbo (China) - Ho Chi Minh (Vietnam) freight index fell 20.6% month-on-month;

Ningbo (China) - Bangkok (Thailand) freight index rose 13.4% month-on-month;

Ningbo (China) - Linchaban (Thailand) freight index rose 12.9% month-on-month;

Ningbo (China) - Manila (Philippines) freight index fell 2.1% month-on-month.

Europe:

Ningbo (China) - Constanta (Romania) freight index fell 1.4% month-on-month.

South Asia: The freight index of two ports fell this week. Among them,

Ningbo (China) - Navasiwa (India) freight index fell 6.7% month-on-month;

Ningbo (China) - Pipawa (India) freight index fell 8.5% month-on-month.

West Asia: The freight index of three ports rose this week, while the freight index of two ports fell. Among them,

Ningbo (China) - Istanbul (Türkiye) freight index fell 1.8% month on month;

Ningbo (China) - Aqaba (Jordan) freight index rose 24.2% month-on-month;

Ningbo (China) - Jetta (Saudi Arabia) freight index rose 14.1% month-on-month;

Ningbo (China) - Dammam (Saudi Arabia) freight index rose 0.1% month-on-month;

Ningbo (China) - Dubai (UAE) freight index fell 1.7% month-on-month.

North Africa:

Ningbo (China) - Sokona (Egypt) freight index rose 18.6% month-on-month.

Northeast Asia:

Ningbo (China) - Novosibirsk (Russia) freight index rose 4.3% month-on-month.

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Other indexes also continued to decline. Yesterday we saw that the Drury World Container Index fell to the lowest point since July 2020, and today the SCFI also fell to the lowest point since June 2020. Also from a more psychological point of view, although it is not important in numerical terms, both of them have fallen below the "integer threshold". WCI fell below 2000 and SCFI fell below 1000.









The source of the article is the most shipping