News
Drewry's Intra-Asia Container Index (IACI) increased 28% in the first week of April, reaching $865 per FEU, growth for the third consecutive week. The index was 29% higher year on year. The week-on-week rise was primarily driven by a surge in Shanghai–Jebel Ali rates due to the Middle East conflict.
Intra-Asia spot rates were unchanged at $53 per FEU from Busan to Shanghai, up 5% to $44 per FEU from Ho Chi Minh City to Shanghai, unchanged at $51 per FEU from Jakarta to Shanghai, down 22% to 1,587 per FEU from Shanghai to Jawaharlal Nehru, up 13% to $846 per FEU from Shanghai to Singapore, unchanged at $1,260 per FEU from Shanghai to Tanjung Pelepas, down 1% to $760 per FEU from Shanghai to Yokohama, and unchanged at $102 per FEU from Yokohama to Shanghai.
The IACI is a weighted average of spot rates on 18 major lanes within Asia that do not include terminal handling charges (THCs), which include those to and from four Northeast Asian nations (Japan, China, South Korea and Taiwan), five Southeast Asian nations (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) and two Southwest Asian nations (India and the United Arab Emirates, or UAE). The index is unveiled every two weeks.
