{
  "id": 13800375,
  "title": "Drewry: Intra Asia Container Index Down 1%",
  "url": "https://urgent.news/2026/10/11/drewry-intra-asia-container-index-down-1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T21:00:50.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/drewry-intra-asia-container-index-down-1/"
  },
  "original_language": "en",
  "account": "Drewry reported a slight 1% decrease in this week's Intra-Asia Container Index (IACI) to $1,503 per 40ft container. The Composite Index remained relatively steady after six consecutive weekly increases and stayed unchanged during China's Golden Week holidays. This is in contrast to last year's 12% decline during the same period.\n\nSpot rates from Greater China to Southeast, Northeast, and South Asia softened due to reduced demand during the Golden Week. However, this decline was limited by operational adjustments following recent issues. Notably, rates from Shanghai to Manila, Laem Chabang, and Yokohama dropped by 3% to $1,690, $1,027, and $1,052 respectively. Hapag-Lloyd ceased accepting new bookings to Manila, Batangas, and Subic Bay due to port congestion and empty-container return capacity constraints in the Philippines. Conversely, rates to transhipment hubs like Singapore and Tanjung Pelepas rose by 2% to $2,123 and $2,100 per 40ft container.\n\nMiddle East tensions kept Shanghai-Jebel Ali rates high at $8,662 per 40ft container. Shanghai and Ningbo faced vessel bunching and schedule delays, with waiting times averaging 74 and 58 hours respectively in Week 40. Drewry anticipates rates to stay stable as volumes recover post-Golden Week.\n\nSpot rates in Southeast and Northeast Asia to China showed a mixed pattern, with Ho Chi Minh City to Shanghai rates up 7% to $47, while Kaohsiung to Shanghai rates fell 6% to $44. CMA CGM plans to introduce the China-Cambodia-Thailand Service (CCT4) on October 23, 2026, featuring port calls at Nansha, Shekou, Sihanoukville, and Songkhla. Additionally, some vessels will no longer call at Singapore in their joint South Korea-China-India service, shifting to Qingdao, Busan, Shanghai, Shekou, Port Kelang, Chennai, Kattupalli, Pasir Gudang, Kaohsiung, and returning to Qingdao, Busan, and Shanghai.\n\nThe intra-Asia container freight market has held steady this year, with the index rising 209% year-over-year, driven by high bunker costs and ongoing geopolitical disruptions. Brent crude oil prices have stayed above $100 per barrel since early September due to global energy market uncertainty, impacting carrier costs. CMA CGM imposed an emergency $75 per teu fuel surcharge on intra-regional trade lanes starting October 1, which is expected to aid freight rate support.",
  "summary": "Drewry’s Intra-Asia Container Index (IACI) declined marginally by 1% this week to $1,503 per 40ft container. The IACI Composite Index stabilised, following six consecutive weekly increases and remained largely unchanged during the Chinese Golden Week holidays. This contrasts with the same period last year, when the index slid 12%. See detailed commentary below. IACI declines ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}