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China Ports Container Volume Rises 14.6% In March Of 2021, Ningbo Containerized Freight Index Decreases In April

China ports container volume rises 14.6% in March of 2021, Ningbo Containerized Freight Index decreases in April

In March of 2021, the cargo volume of China ports was 1276.8 million tons, a year-on-year increase of 16.2%, the container throughput of China ports was 23.5million TEU, a year-on-year increase of 14.6%. The chart below shows the cargo throughput and container throughput data of the eight major ports in China – April 23, 2021 Source:Ministry of Transport of the People’s Republic of China In
terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI)[1] in April was quotes 2060.7 points, have a decrease of 11.4% compare to last month. From Ningbo to the North America route, the market maintained strong transportation demand, the supply-demand relationship of routes tended to be on the supply side, and freight rates remained high. The average freight rate of 40GP from Ningbo Port to Los Angeles port in March was $3925, have an increase of 1.8% compare to last month, from Ningbo Port to New York port was $4964, slight declined by 0.9% month-on-month. Source: Ningbo Shipping Exchange [1] Remark:Ningbo Containerized Freight Index (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.

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