Drewry: Intra-Asia Container Index Down 4% Last Week

AI Summary

Drewry’s Intra-Asia Container Index fell 4% to $1,035 per 40ft container, marking a second consecutive weekly decline. Freight rates dropped on key Asia routes including Shanghai–Busan and Ho Chi Minh City, signaling an easing of early peak-season volumes.

Drewry’s Intra-Asia Container Index (IACI) decreased 4% to $1,035 per 40ft container. Freight rates declined, particularly on the Shanghai–Busan, Ho Chi Minh City, and Jawaharlal Nehru Port routes. This marks the second consecutive fall in the index, suggesting that the early peak-season volume surge is easing while rates on Middle East routes are stabilising. See ...