Drewry: Intra-Asia rates slip 1%

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:

• Busan → Shanghai: down 9% to $53

• Ho Chi Minh → Shanghai: unchanged at $54

• Jakarta → Shanghai: unchanged at $51

• Shanghai → Jawaharlal Nehru: down 2% to $1,165

• Shanghai → Singapore: up 17% to $871

• Shanghai → Tanjung Pelepas: up 8% to $1,219

• Shanghai → Yokohama: unchanged at $765

• Yokohama → Shanghai: up 38% to $106

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