Ningbo Containerized Freight Index decrease slightly in February 2022.

In January of 2022, the cargo volume of Chinese ports was 1301.1 million tons, a year-on-year increase of 0.6%; the container throughput of Chinese ports was 24.2 million TEU, a year-on-year increase of 1.6%. 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 February was quotes 4047.8 points, have a decrease of 3.7% compare to last month. The freight rate on the Ningbo to North America route was generally stable, and some carriers push the rate increase in early March. The average freight rate of 40GP from Ningbo Port to Los Angeles port and New York& New Jersey port in February was $9333 and $10052, have an increase of 3.6% and 3.3% month-on-month respectively.

Source: Ningbo Shipping Exchange