THE Ningbo Containerised Freight Index has decreased slightly in November, reports AJOT.
From January to October 2021, China's cargo volume increased 7.8 per cent year on year reaching nearly 12,870 million tonnes, while container throughput increased 8.4 per cent reaching 235.5 million TEU.
The average value of the Ningbo Container Freight index (NCFI) in November decreased two per cent to 3,971.9 points.
The average freight rate of 40GP from Ningbo Port to Los Angeles port and New York port in December was US$7435, a decrease of 4.5 per cent, and $8,845, a decrease of 6.9 per cent month on month respectively.