The container throughput of China’s ports has increased year-on-year by 12.4% from January to July 2021, according to the latest Ningbo Containerized Freight Index (NCFI).
From January to July 2021, the cargo volume of China ports was 8,911.1 million tons, a year-on-year increase of 11.3%.
The container throughput of China ports was 161.9 million TEU, a year-on-year increase of 12.4%.
From Ningbo to the North America route, U.S. retailers “replenish inventory with large amounts of imported Asian products that lead to transportation demand [remaining] hot” – meaning some box liners have increased freight rates again, the Ningbo Shipping Index found.
Beibu Gulf Port saw the greatest increase in container throughput from January – July compared to 2020 levels, boosting its container handling by more than a fifth (20.9%) at 3.1 million TEU.
In terms of container freight rates, the average value of the NCFI in August 2021 was quotes 3816.8 points, an increase of 7.28% compared to July 2021.
The average freight rate of a 40 ft General Purpose (GP) container from Ningbo Port to Los Angeles port in August was $6559, an increase of 15.3% compared to July 2021 levels.
From Ningbo Port to New York, the rate was $6443 – an increase of 10.8% month-on-month.
The NCFI is used to objectively reflect the fluctuation of freight rates of international container shipping market by calculating and recording the container freight rates change information of 21 routes departing from Ningbo-Zhoushan port, including composite Index and 21 indexes of branch routes.
