Intra-Asia Container Index Climbs 4% in Late November

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  • 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:

  1. Busan-Shanghai
  2. Ho Chi Minh City-Shanghai
  3. Jakarta-Shanghai
  4. Jawaharlal Nehru Port-Shanghai
  5. Kaohsiung-Shanghai
  6. Laem Chabang-Shanghai
  7. Shanghai-Busan
  8. Shanghai-Ho Chi Minh City
  9. Shanghai-Jakarta
  10. Shanghai-Jawaharlal Nehru Port
  11. Shanghai-Jebel Ali
  12. Shanghai-Kaohsiung
  13. Shanghai-Laem Chabang
  14. Shanghai-Manila
  15. Shanghai-Singapore
  16. Shanghai-Tanjung Pelepas
  17. Shanghai-Yokohama
  18. 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