The container throughput of Chinese ports was 190.9 million TEU from January to July 2024, a year-on-year (YoY) increase of 8.3 per cent.
In July, the container throughput of Shanghai Port was 4.84 million TEU, a year-on-year (YoY) increase of 15.1 per cent.
Ningbo Zhoushan Port also saw steady growth in container volumes, reaching 3.35 million TEU, which marks a YoY increase of 5.3 per cent.
The Port of Shanghai moved the most containers in the first seven months of the year, recording a throughput of 30.35 million, an 8.6 per cent YoY increase.
Beibu Gulf Port, on the other hand, moved the least containers out of the listed ports despite achieving the highest percentage growth.
Meanwhile, the Port of Xiamen was the only port to have recorded a drop in performance, having handled 6.86 million TEU, a 3.3 per cent YoY dip.
In terms of container freight rates, the average value of the Ningbo Containerized Freight Index (NCFI) was 2384.5 points in August 2024, a month-on-month (MoM) decrease of 12.4 per cent and a year-on-year increase of 224.2 per cent.
Among the 21 routes, the freight index of 3 routes increased MoM, and the freight index of 18 routes fell MoM.
Last month, Pacific International Lines (PIL) introduced a new weekly direct service connecting key ports in China and Bangladesh.