Drewry: Intra-Asia Container Index Up 15%

Drewry’s new Intra-Asia Container Index (IACI), a weighted average of regional spot container freight rates, increased 15% to $573 per 40ft container in the past fortnight.

Drewry’s Intra-Asia Container Index (IACI) rose 15% in the last 2 weeks of October, to $573 per 40ft container, the first uptick after six consecutive fortnights of decline since mid-July. Drewry expects this upward trend to continue in November due to the pre-Christmas cargo rush.

Drewry’s Intra-Asia Container Index (IACI) reports actual spot container freight rates for major intra-Asia trade routes. The Index, which will be updated fortnightly, consists of 18 route-specific indices representing individual shipping routes and a composite index. All indices are reported in USD per 40ft container.

Market freight rates are collected for the following routes:

• Busan-Shanghai
• Ho Chi Minh City-Shanghai
• Jakarta-Shanghai
• Jawaharlal Nehru Port-Shanghai
• Kaohsiung-Shanghai
• Laem Chabang-Shanghai
• Shanghai-Busan
• Shanghai-Ho Chi Minh City
• Shanghai-Jakarta
• Shanghai-Jawaharlal Nehru Port
• Shanghai-Jebel Ali
• Shanghai-Kaohsiung
• Shanghai-Laem Chabang
• Shanghai-Manila
• Shanghai-Singapore
• Shanghai-Tanjung Pelepas
• Shanghai-Yokohama
• Yokohama-Shanghai

Source: Drewry