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NCFI: Middle East Rates Tumble as Ningbo Freight Index Slides Sharply - mfame.guru
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NCFI: Middle East Rates Tumble as Ningbo Freight Index Slides Sharply - mfame.guru
The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, reported notable declines across most major routes in the week ending 4 July 2025. The composite index, which tracks rates for 20ft, 40ft, and Hi Cube containers from Ningbo to global ports, reflects weakening freight demand and ongoing rate pressure across Mediterranean and Middle Eastern lanes. Weakening freight demand T…
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