News
Drewry's Intra-Asia Container Index (IACI) gained 5% in the fourth week of March, reaching $676 per FEU for two consecutive weeks of growth. The increase is driven by rising fuel costs due to the Iran conflict. The index was up 12% year on year.
The 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 to and from China; three Northeast Asian economies (Japan, South Korea and Taiwan); five Southeast Asian nations (Indonesia, Malaysia, the Philippines, Thailand and Vietnam; two South and West Asian countries (India and the United Arab Emirates, or UAE) and others and a composite index. All indices are reported in the U.S. dollar per 40-foot container.
