What is Containerized Freight Index?

What is Containerized Freight Index?

The Shanghai Containerized Freight Index is the most widely used index for sea freight rates for import China worldwide. This index has been calculated weekly since 2009 and shows the most current freight prices for container transport from the Chinese main ports, including Shanghai.

What is the freight rate index?

A freight rate index takes the sum of all freight data and calculates the average cost of transportation. Actively analyzing the data creates a transportation benchmark. This benchmark reflects the consistency and value of the data, pricing or demand, regardless of lane or market.

What is the global container index?

A global container index is a weighted average of individual lane indices and offers a big-picture perspective on the worldwide supply/demand balance. Looked at over a span of multiple years, global indices provide important insights on the ebb and flow of ocean container markets.

What does Scfi mean in shipping?

SCFI is the abbreviation of Shanghai Containerized Freight Index that reflects the fluctuation of spot freight rates on export container transport market from Shanghai.

What is Ningbo Containerized Freight Index?

NCFI reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the changes of container freight rates of 21 routes departing from Ningbo- Zhoushan port, including composite index and 21 individual indices.