26.01.07IACI Inches Down 2% in 1st Week

The Intra-Asia Container Index (IACI) inched down 2% in the first week of January, reaching $700 per FEU, Drewry Maritime Research announced last Friday. From a year earlier, the index was down 15%. Drewry expects freight rates to record a modest uptick in the coming weeks due to tight capacity during an extended peak season.

Spot rates amounted to $61 per FEU from Busan to Shanghai, down 5%; $54 per FEU from Ho Chi Minh City to Shanghai, down 19%; $51 per FEU from Jakarta to Shanghai, unchanged; $1,190 per FEU from Shanghai to Jawaharlal Nehru Port, up 5%; $762 per FEU from Shanghai to Singapore, unchanged; $1,120 per FEU from Shanghai to Tanjung Pelepas, up 7%; $765 per FEU from Shanghai to Yokohama, up 3%; and $77 per FEU from Yokohama to Shanghai, up 93%.