Ningbo Containerized Freight Index decrease slightly in November

China ports container volume rises 8.4% from January to October 2021

From January to October 2021, the cargo volume of Chinese ports was 12869.7 million tons, a year-on-year increase of 7.8%; the container throughput of Chinese ports was 235.5 million TEU, a year-on-year increase of 8.4%. The chart below shows the cargo throughput and container throughput data of the eight major ports in China.

In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in November was quotes 3971.9 points, have a decrease of 2.0% compare to last month. From Ningbo to the North America route, the transportation demand rebounded slightly, but the trade lane did not keep in step with volume growth, which promoted a slight increase in market freight rates. The average freight rate of 40GP from Ningbo Port to Los Angels port and New York port in December was $7435 and $8845, have a decrease of4.5% and 6.9% month-on-month respectively.