London's Baltic and China's Ningbo exchanges in container link

© Khunaspix Dreamstime.

Fed up with the Shanghai Containerised Freight Index (SCFI)? Try the Ningbo Containerised Freight Index (NCFI) instead – although we’re sorry to report that it doesn’t make any happier reading for carriers. Today the Ningbo-North Europe route is showing $190 per teu, $41 less than the SCFI. Perhaps that’s because the NCFI is taken from a panel of 11 freight forwarders, rather than the 15 carriers and 15 shippers the SCFI is derived from. It is also intriguing that the ...