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Container volumes in China rise 15% in first half of 2021

Panoramic view of Shanghai Yangshan Port on Yangshan Island with container ships, cranes and container
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The container throughput at China’s ports totalled 138.2 million TEU in the first half of 2021, a year-on-year (YoY) increase of 15%.

The ports of Shenzhen and Beibu Gulf reported the largest YoY increases of container throughput, recording 24.3% and 22.3% increases respectively.

Shanghai reported the highest levels of container throughput for the first half of 2021, handling 22.94 million TEU.

Source: Ministry of Transport of the People’s Republic of China

Ningbo and Zhoushan experienced a 21.3% increase YoY of container throughput, transporting some 16.07 million TEU for January-July 2021.

The average value of the Ningbo Container Freight Index (NCFI) in July 2021 was quoted at 3480.8 points, have an increase of 7.6% compare to last 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.

From Ningbo to the North America route, US retailers replenished inventory with large amounts of imported Asian products that lead to transportation demand remaining as “hot”, the Ningbo Shipping Exchange said, with some box liners increasing freight rates again.

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