China ports container volume rises 3.0% in the half year of 2022, Ningbo Containerized Freight Index decrease slightly in July 2022
In the half year of 2022, the cargo volume of Chinese ports was 7580.8 million tons, a year-on-year decrease of 0.8%; the container throughput of Chinese ports was 142.3 million TEU, a year-on-year increase of 3.0%. The chart below shows the cargo throughput and container throughput data of the twelve major ports in China.
In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI)1 in July was quotes 3293.0 points, have a decrease of 5.9% compare to last month. The shipping demand was doldrums on the Ningbo Zhoushan Port-West Costal of North America route, spot rate drops recently. The average freight rate of 40GP from Ningbo Port to Los Angeles port and New York& New Jersey port in July was $6836（-10.2%）and $9434（-4.3%）month-on-month respectively.
Source: Ningbo Shipping Exchange