From January to October 2021, the container throughput of Chinese ports was 235.5 million TEU, which translates to a year-on-year increase of 8.4%, while the cargo volume of Chinese ports was more than 12.8 billion tons, a year-on-year increase of 7.8%.
In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in November was quoted at 3,971.9 points, showing a decrease of 2% compared 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 Angeles port and New York port in December was US$7,435 and US$8,845, a decrease of 4.5% and 6.9% month-on-month respectively.
