China ports container volume rises 2.4% from January to March of 2022, Ningbo Containerized Freight Index decrease in April 2022
From January to March of 2022, the cargo volume of Chinese ports was 3630.9 million tons, a year-on-year increase of 1.6%; the container throughput of Chinese ports was 67.4 million TEU, a year-on-year increase of 2.4%, according to Ningbo Port.
The chart below shows the cargo throughput and container throughput data of the twelve 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 April was quotes 3677.1 points, have a decrease of 9.2% compare to last month. The supply-demand relationship was in sound level from Ningbo Zhoushan Port to the US West coastal and US East coastal routes. The average freight rate of 40GP from Ningbo Port to Los Angeles port and New York&New Jersey port in February was $8356 and $10581,（- 1.8%）and（+2.1%）month-on-month respectively.
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.
