Intra-Asia Container Index – 13 Aug

AI Summary

Drewry’s Intra-Asia Container Index climbed 6% to $1,028 per 40ft container, reaching its highest level in six weeks. Market tightness from Middle East unrest and adverse weather causing congestion in China are contributing to the rising freight costs.

Drewry’s Intra-Asia Container Index (IACI) rose 6% this week to $1,028 per 40ft container, reaching a six-week high. Market tightness caused by unrest in the Middle East was further compounded by poor weather conditions, which led to congestion across China. See detailed commentary below. Intra-Asia Container Index (US$/40ft) IACI reaches six-week high with worsening weather ...