The China Ningbo Containerized Freight Index (NCFI) reported a soar in freight indices in the Thailand and Vietnam routes.
The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, stood at 1,211.4 points on Friday, up 2.7 percent compared with last week.
The sub-index for the routes to Thailand and Vietnam stood at 563.8 points, up 26.7 percent compared with last week.
According to the Ningbo Shipping Exchange, the market has maintained a strong demand for transportation. Some liner companies are seriously short of containers, and the shipping space is in short supply, causing freight rates to continue to rise.
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013.