Ningbo Containerized Freight index rises slightly in July

In the first half of the year, the container throughput of Chinese ports dropped slightly, and the Ningbo Containerized Freight index (NCFI) rises slightly in July

From January to June 2020, the cargo volume of Chinese ports was 675213 million tons, a year-on-year increase of 0.6%; the container throughput of Chinese ports was 120.19 million TEU, a year-on-year decrease of 5.4%. The overall downward trend has gradually stopped.

The chart below shows the cargo throughput and container throughput data of the eight major ports in China.

In terms of container freight rates, by the end of July 21, the average value of the Ningbo Container Freight index (NCFI) in July was quotes 737.26 points, have a slight increase of 5.19% compare to last month. In the North America route, market transportation demand remained at relatively high level, some box liners pushed up freight rates again this month. The average freight rate of 40GP from Ningbo Port to Los Angeles Port in July was $2790, a month-on-month increase of 8.7%