Ningbo Shipping Exchange: This week, the freight rates on the South America West route have increased significantly, with the freight rate index rising by 16.3% compared to last week.

This week, the Ningbo Shipping Exchange released the Maritime Silk Road Index, with the Ningbo Export Container Freight Index closing at 2423.1 points, an increase of 3.2% compared to last week. Among the 21 shipping routes, 12 saw an increase in the freight index, 8 experienced a decline, and 1 remained basically unchanged. In the main ports along the "Maritime Silk Road," 12 ports saw an increase in their freight index, while 4 ports reported a decrease. Additionally, there was significant volatility in the South America West Route market this week: due to some sailings being suspended at the beginning of the month, cabin space continued to remain tight, coupled with major shipping lines imposing peak season surcharges, leading to a substantial rise in freight rates. The freight index for the South America West Route was 2281.5 points, up 16.3% from last week.