24.11.01Drewry' Intra-Asia Index Increases 15% in Last 2 Weeks of Oct.

The Intra-Asia Container Index (IACI), a weighted average of regional spot container freight rates, increased 15% in the last two weeks of October to $573 per FEU, the first  uptick after six consecutive fortnights of decline since mid-July, Drewry Maritime Research announced yesterday. From a year earlier, the index jumped 54%.Drewry expects this upward trend to continue in November due to the pre-Christmas cargo rush.

Drewry's Intra-Asia Container Index (IACI) reports actual spot container freight rates for major intra-Asia trade routes. The Index, which is updated fortnightly, consists of 18 route-specific indices representing individual shipping routes and a composite index. All indices are reported in the US dollar per 40-foot container.