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Ningbo Containerized Freight Index Keep Rising In February

Ningbo Containerized Freight Index keep rising in February

Source: PortSEurope
In January of 2021, the container throughput of Chinese ports have a increase of 13% compared with the same month last year, and the Ningbo Containerized Freight index (NCFI) keep rises in February – March 1, 2021 In January of 2021, the cargo volume of China ports was 1293.7 million tons, a year-on-year increase of 17.4%; the container throughput of China ports was 23.8 million
TEU, a year-on-year increase of 13.2%. The chart below shows the cargo throughput and container throughput data of the eight 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 Ningbo Container Freight index (NCFI)[1] in February was quotes 2326.3 points, have andecrease of 5.5% compare to last month. From Ningbo to the North America route, The market volume recovered relatively quickly, and the load rate of the route was still able to remain high. Therefore, most carriers continued to maintain the freight rate. The average freight rate of 40GP from Ningbo Port to Los Angels port and New York port in February was $3855 and $4779, have a decrease of 7.9% and 4.0% month-on-month respectively. 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. Source: Ningbo Shipping Exchange

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