China sees marginal increase in container throughput for 2021

Container throughput in China / Port of Dalian

Container throughput in China from the period of January to August 2021 has risen with a year-on-year increase of 11.1% according to a statement from the Ningbo Containerised Freight Index.

Through the period of January to August 2021, China ports reached a total of 186.7 million TEU, increasing 11.1% from the same period in 2020.

In the route from Ningbo to North America, cargo volumes remain high as transport demand is hot in this traditionally peak season.

© Ningbo Containerised Freight Index

Beibu Gulf Port continues to see the greatest increase in container throughput just as it did in the January to July report. In this new release, we see the port experienced a year-on-year increase of 19.7% to 3.63 million TEU.

The Port of Dalian, however, saw a heavy reduction in container throughput with a decrease of 40.3% compared to the same period in 2020, to only 2.37 million TEU.

Also rising during this period was freight rates. The average freight rate from Ningbo Port to the Port of Los Angeles in September was $7004, an increase of 6.8% compared to August 2021.

Equally, the average rate from Ningbo Port to New York was $8133, an increase of 26.2% compared to the previous month.

Ports in Vietnam have also reported increased throughput in its container sector for 2021 despite COVID-19 restrictive measures. Reported in September 2021, the Vietnam News Agency said it had experienced an 18% year-on-year surge in containers processed to a total of 16.8 million TEU.

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