Drewry: Intra Asia Container Index Up 2% Last Week
Drewry’s Intra-Asia Container Index (IACI) edged up 2% this week to $1,518 per 40ft container. The IACI Composite Index reached an all-time high for the sixth consecutive week, as typhoon disruption and port congestion tightened capacity. Carriers used blank sailings and port omissions to limit capacity, while higher operating costs added to upwards pressure on ...
Drewry's Intra-Asia Container Index (IACI) has increased by 2% to $1,518 per 40ft container last week, with the IACI Composite Index reaching an all-time high for the sixth consecutive week. This growth is attributed to typhoon disruption, port congestion, and carriers using blank sailings and port omissions to limit capacity. Spot rates from China to Southeast and South Asia have strengthened, supported by strong pre-Golden Week demand and tighter effective capacity.
However, rates to North Asia remain stable, while rates to transhipment hubs such as Singapore and Tanjung Pelepas have risen by 4%.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.