News
Drewry's new composite Intra-Asia Container Index (IACI), a weighted average of spot container freight rates, decreased 25% to $668 per FEU in the past fortnight and has fallen back 35% since its recent peak of $1,025 in the second fortnight of July.
"As growth in container shipping shifts from inter-continental to intra-regional trades, monitoring these trades is now far more important," said Philip Damas, managing director of Drewry.
Drewry has noted that increasing volatility in intra-Asia spot rates over recent years, with rates rising strongly this summer and now correcting downwards sharply with softening regional demand.
