Ports in China see significant growth in box volumes during 2021

The container throughput of China ports has reached 211 million TEU, representing a significant growth of 9.5% compared to the first nine months of the previous year.

During the same period, the cargo volume of China ports completed 11,548.4 million tons in total, which translates to a year-on-year increase of 8.9%

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

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

In terms of container freight rates, the average value of the NCFI in October was quoted at 4,064.4 points, recording a drop of almost 2% compared to last month.

The port congestion on the west coast of the northern United States has led to poor liner transportation turnover from the port of Ningbo - North US route, and space supply is still tight.

"However, the transportation demand has decreased and freight rates have fluctuated steadily," explained a representative from the Ningbo Shipping Exchange.

The average freight rate of 40' general-purpose containers from the Chinese port to Los Angeles in October reached US$7,063, which is a 0.8% rise compared to the previous month.

In the meantime, from Ningbo Port to New York port the freight rate average per FEU was US$8,163, reflecting a slight increase of 0.4% over September.

Source: Container News