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 was10605.6 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.

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

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