Drewry’s Intra-Asia Container Index (IACI) increased $46 to $1,504 per 40ft container
This relative stability is reflected on most lanes, indicating that, with few exceptions, carriers extended rates for the first fortnight into the second. See detailed commentary below. IACI holds steady as congestion eases • The Drewry Intra-Asia Container Index (IACI), the benchmark widely referenced by procurement teams, increased $46 to $1,504 per 40ft container. This ...
The Drewry Intra-Asia Container Index (IACI), a benchmark widely referenced by procurement teams, rose $46 to $1,504 per 40ft container. This stability was observed across most lanes, suggesting that carriers extended rates from the first fortnight into the second. Spot rates from Greater China to Southeast, Northeast, and South Asia remained mostly stable.
Main ports, such as Shanghai and Singapore, managed to absorb congestion, resulting in slight reductions. However, smaller ports like Ho Chi Minh City, Jakarta, and Laem Chabang still face congestion, with rates remaining high and rising. Jakarta's rates, in particular, grew 9% to $81 per 40ft container due to limited operational flexibility.
The Middle East's geopolitical situation kept rates from Shanghai to Jebel Ali elevated at $8,584. Drewry anticipates rates to remain stable, although increased capacity could affect market stability. Pacific International Lines (PIL) plans to launch a new JKS service on November 5, deploying two vessels to strengthen its Straits-Indonesia network.
Geopolitical and weather disruptions, including Typhoon Champi and high bunker costs, pose risks to Intra-Asia trade.
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.