Ningbo Ocean Shipping (NBOSCO) has launched a new China-Middle East Gulf Express (CGX) service connecting Ningbo, Jebel Ali, Ningbo on a direct shuttle connection serving just 2 ports. The CGX service will turn in 35 days and will operate initially with just a single ship on monthly frequency starting with the 1,868 teu XIN MING ZHOU 106 at Ningbo on 28 June 2024. It is the first NBOSCO service to the Middle East and is also the first long haul service for the Chinese carrier that is currently
Total volumes in the twin Eastern China main ports of Shanghai and Ningbo rebounded in June, posting a month on month increase of 2.3% compared to May and a 0.1% increase year on year compared to June 2021.
Global port congestion dropped from 13.1% to 11.1% in the past week, due mainly to the fall in Chinese port congestion.
The top 3 ports in the world all reported improved throughput volumes in May, with Shanghai retaining the top spot at 3.4m teu last month for a 10.3% MoM rebound.
Chinese port volumes were surprisingly resilient in April, with overall container volumes dropping by just 0.2% YoY last month despite the extended lockdowns in Shanghai that brought down the main Chinese port’s throughput by 17.0% YoY.
The extended lockdown in Shanghai has hurt overall Chinese container port volumes, with Shanghai port reporting a 25% month on month reduction in April. But other Chinese ports have stepped up, with Ningbo reporting a 12% YoY increase. The overall impact on global container volumes is small...