Chinese ports witnessed significant growth in box volumes - 2021

China ports have registered noteworthy increases in container volumes during the period between January and September. The container throughput of China ports has reached 211 million TEU, representing a significant growth of 9.5% compared to the first nine months of the previous year.

During the same period, the cargo volume of China ports completed 11,548.4 million tons in total. This is in effect a year-on-year increase of 8.9%

Image: Ministry of Transport of the People’s Republic of China

In terms of container freight rates, the average value of the NCFI in October was quoted at 4,064.4 points, recording a drop of almost 2% compared to last month. The port congestion on the west coast of the northern United States has led to poor liner transportation turnover from the port of Ningbo - North US route, and space supply is still tight.

Source: container-news.com


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