- IACI Reaches $864 Amid Pre-Christmas Shipping Demand
- Spot Freight Rates Rise on Intra-Asia Trade Routes
- Drewry Reports Modest Growth in Intra-Asia Container Rates
Drewry’s Intra-Asia Container Index (IACI), a composite measure of regional spot container freight rates, increased by 4% in the latter half of November, reaching $864 per 40ft container. The increase reflects heightened demand ahead of the Christmas season. However, Drewry predicts a stabilization in rates in the coming weeks as the peak shipping season draws to a close, reports Drewry.
Key Trade Routes
The Index monitors freight rates for major shipping lanes, covering both departures from and arrivals in Shanghai. Specific routes include:
- Busan-Shanghai
- Ho Chi Minh City-Shanghai
- Jakarta-Shanghai
- Jawaharlal Nehru Port-Shanghai
- Kaohsiung-Shanghai
- Laem Chabang-Shanghai
- Shanghai-Busan
- Shanghai-Ho Chi Minh City
- Shanghai-Jakarta
- Shanghai-Jawaharlal Nehru Port
- Shanghai-Jebel Ali
- Shanghai-Kaohsiung
- Shanghai-Laem Chabang
- Shanghai-Manila
- Shanghai-Singapore
- Shanghai-Tanjung Pelepas
- Shanghai-Yokohama
- Yokohama-Shanghai
Looking Ahead
With the seasonal demand seasonally peaking out, Drewry expects IACI to stabilize. Fortnightly updates of the Index will continue to paint a comprehensive picture of market trends, helping stakeholders navigate the dynamic intra-Asia container shipping market.
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Source: Drewry
