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CHINA's ports increased their first half container throughput by 4.8 per cent year on year to 149.2 million TEU, reports London's Port Technology.
In June, China's ports saw an increase in container volume from January to April 2023 reaching 95.4 million TEU. Overall cargo volume of Chinese ports was 8.1 billion tonnes in the first half of 2023, an eight per cent decline year on year.
The Port of Shanghai, which secured its spot as the world's busiest port with 43.19 million TEU moved in 2022, witnessed an increase in container volumes of 9.5 per cent to 23.7 million TEU in the first half.
The Port of Ningbo-Zhoushan handled 17.6 million TEU in the first half. The volume of cargo departing from Ningbo-Zhoushan to destinations in the US has increased.
In terms of container freight prices, the Ningbo Container Freight Index (NCFI) averaged 679.9 points in July, a 0.7 per cent fall from the previous month.
The volume of cargo departing from Ningbo-Zhoushan to destinations in the US has increased. Carriers continue to regulate the available shipping capacity in the market, and the freight rate has risen sharply for two consecutive rounds.
According to Ningbo Shipping Exchange, the NCFI sub-line index, that is, both the US west coast and the US east coast, had reached new highs for the year as of the end of July.
https://www.shippingazette.com/menu.asp?encode=eng
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