China Ports Container volume rises 4.0% in from January to October 2022，Ningbo Containerized Freight Index decease significantly in November 2022
From January to October of 2022, the cargo volume of Chinese ports was 12933.8 million tons, a year-on-year increase of 0.5%; the container throughput of Chinese ports was 244.9 million TEU, a year-on-year increase of 4.0%. 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) in November was quotes 1055.1 points, have a significant decrease of 24.2% compare to last month. From Ningbo to North America route, the transportation demand in the market is still in short supply, and the freight rate continues to fall. Due to the high freight rate of the US coast East route, the recent decline is significantly higher than that of the US West coast route. The average freight rate of 40GP from Ningbo Port to Los Angeles port and New York& New Jersey port in November was $1502（-17.4%）and $4307（-26.1%）month-on-month respectively.
Source: Ningbo Shipping Exchange