China ports hold steady, TEU traffic increases over 2021

Ports across China moved a total of 219.3 million TEU from January to September, an increase of 4 per cent compared to the same period in 2021.

From January to September of 2022, the cargo volume of Chinese ports was 11554.5 million tons, a year-on-year increase of 0.1 per cent.

Shanghai remained the best performing port, with a traffic of 34.8 million TEU from January to July; whilst Beibu Gulf Port registered the highest growth rate, increasing 19 per cent from the same period last year.

READ: China ports volumes trend downwards as lockdowns make impact

The average value of the Ningbo Container Freight index (NCFI) in October was 1390.9 points, with a significant decrease of 20.8 per cent compared to last month.

This was due to an unstable supply and demand relationship and flat transportation demand.

Chinese ports have seen an overall dip in import and export ocean shipment volume over recent weeks following the imposition of COVID-19 lockdowns.

Ningbo-Zhoushan has taken the largest hit, with volume down 29 per cent compared to the start of October.