Blank sailings boost Ningbo Containerized Freight Index
The composite Ningbo Containerized Freight Index (NCFI) quoted 622.2 points in week 41, which improved 4.8% from the previous week and has remained on an upward trend for two back-to-back weeks.
More specifically, spot rates for container exports from Ningbo-Zhoushan surged as shipping lines made blank sailings to reduce capacity during the National Day Golden Week.
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