Drewry’s Intra-Asia Container Index (IACI) fell 1% week on week in the third week of January to $661 per FEU.
The index is now 9% lower year on year.
The IACI tracks spot rates across 18 major intra-Asia trade routes. Drewry expects rates to remain stable ahead of Lunar/Chinese New Year demand in mid-February.
Route rate movements:
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Busan → Shanghai: down 9% to $53
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Ho Chi Minh → Shanghai: unchanged at $54
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Jakarta → Shanghai: unchanged at $51
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Shanghai → Jawaharlal Nehru: down 2% to $1,165
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Shanghai → Singapore: up 17% to $871
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Shanghai → Tanjung Pelepas: up 8% to $1,219
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Shanghai → Yokohama: unchanged at $765
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Yokohama → Shanghai: up 38% to $106
