skip to Main Content
Ningbo Containerized Freight Index Rises Remains Stable In October

Ningbo Containerized Freight index rises remains stable in October

From January to September, the Container throughput of Chinese ports still decease slightly Compared with the same month last year ,and the Ningbo Containerized Freight index (NCFI) rises significantly in September From January to September 2020, the cargo volume of Chinese ports was 10605.6 million tons, a year-on-year increase of 3.0%; the container throughput of Chinese ports was 192.6 million TEU, a year-on-year decrease of
1.3%. 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, by October. 22, the average value of the Ningbo Container Freight index (NCFI)[1] in October was quotes 1184.7 points, have a increase of 1.2% compare to last month. From Ningbo to the North America route,transportation demand continues to be hot. Some box liners lack container equipment, led to market spaces tight and carriers maintain freight rates in high level.. The average freight rate of 40GP from Ningbo Port to Los Angeles port and Charleston port in October was $3865 and $4688,  have a slight decrease of 2.1% and 1.1% 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.

To continue reading please subscribe or log in.

PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe now
Back To Top