Intra Asia Container Index Rises Slighlty
Drewry’s Intra-Asia Container Index (IACI) edged up 1% this week to $1,323 per 40ft container. The IACI Composite Index has broken its all-time high for the third consecutive week, indicating that ongoing geopolitical and typhoon-related disruptions continue to ripple through supply chains and constrain available capacity. See detailed commentary below. IACI hits record high for ...
Drewry's Intra-Asia Container Index (IACI) rose slightly to $1,323 per 40ft container this week. The IACI Composite Index has broken its all-time high for the third straight week, suggesting that geopolitical and typhoon-related disruptions continue to impact supply chains and capacity. Spot rates from China to Southeast and South Asia were mixed, with some lanes showing opposite changes in demand, capacity, and network adjustments following disruptions.
The Middle East situation worsened, keeping rates high, while alternative routes like the Jawaharlal Nehru Port saw rising prices. Chinese port congestion and vessel waiting times remained elevated. China's new Pinglu Canal, opening on September 15, is expected to reduce shipping distances to Southeast Asia. Drewry anticipates freight rates to stabilize in the coming weeks.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
