From January to September 2021, the cargo volume of China ports was 11548.4million tons, a year-on-year increase of 8.9%; the container throughput of China ports was 211million TEU, a year-on-year increase of 9.5%. The chart below shows the cargo throughput and container throughput data of the major ports in China.
In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI)1 in October was quotes 4064.4 points, have decrease of 1.9% compare to last month. From Ningbo to the North America route, the port congestion on the west coast of North America has led to poor liner transportation turnover, and space supply is still tight, but transportation demand has decreased and freight rates have fluctuated steadily. The average freight rate of 40GP from Ningbo Port to Los Angeles port in October was $7063, have an increase of 0.8% compare to last month, from Ningbo Port to New York port was $8163, increase of 0.4% month-on-month.
Source: Ningbo Shipping Exchange
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