News
The Drewry Intra-Asia Container Index (IACI) increased 10% from the previous week to a record high of $1,114 per FEU after strengthening in 11 of the last 12 weeks. The index has now more than doubled in value since the U.S.-Israeli attacks on Iran began.
Intra-Asia spot rates were down 1.6% to $60 per FEU from Busan to Shanghai, down 7.1% to $65 per FEU from Ho Chi Minh City to Shanghai, down 7.2% to $77 per FEU from Jakarta to Shanghai, up 35% to $2,367 per FEU from Shanghai to Jawaharlal Nehru, down 1.3% to $1,209 per FEU from Shanghai to Singapore, up 12% to $1,641 per FEU from Shanghai to Tanjung Pelepas, up 2% to $839 per FEU from Shanghai to Yokohama, and down 1% to $89 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.
