Drewry: Intra Asia Container Index Up 2% Last Week

AI Summary

Drewry’s Intra-Asia Container Index rose 2% to $1,518 per 40-foot container, while its composite index reached a record high for the sixth consecutive week. Typhoon disruption, port congestion, blank sailings, and port omissions tightened capacity and added upward pressure to rates.

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 ...