- 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.
Intra-Asia Container Index (IACI)
It informs the market about spot container freight rates across important intra-Asia trade routes. Published every two weeks, the index consists of 18 route-specific indices as well as a composite index. The index will be reported in USD per 40ft container for clarity and standardization in presenting to all industry stakeholders.
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
