Drewry’s Intra-Asia Container Index (IACI) experienced an 8% decline in the second half of July, dropping to $651 per 40ft container. This latest data point reflects a broader trend of weakening spot freight rates within the intra-Asia trade lane. The current index value is now 30% lower than it was in July 2024.
The IACI, a weighted average of spot rates across 18 major trade routes within Asia, provides a key barometer for the health of the intra-Asia container shipping market. The continued downward pressure on rates suggests a potential oversupply of capacity or a slowdown in regional trade demand.
Key Highlights:
- Significant Drop: The IACI fell 8% in the latter half of July.
- Year-on-Year Comparison: Current rates are 30% lower compared to the same period last year.
- Composite Index: The IACI is a composite index based on 18 key intra-Asia routes.
Drewry’s Intra-Asia Container Index (IACI) provides fortnightly updates on actual spot container freight rates for major intra-Asia trade routes. The Index comprises 18 route-specific indices and a composite index, all reported in USD per 40-foot container. It offers a transparent and reliable benchmark for market participants, covering routes such as:
- Busan-Shanghai
- Ho Chi Minh City-Shanghai
- Jakarta-Shanghai
- Jawaharlal Nehru Port-Shanghai
- Kaohsiung-Shanghai
- Laem Chabang-Shanghai
- Shanghai-Busan
- Shanghai-Ho Chi Minh City
- Shanghai-Jakarta
- Shanghai-Jawaharlal Nehru Port
- Shanghai-Jebel Ali
- Shanghai-Kaohsiung
- Shanghai-Laem Chabang
- Shanghai-Manila
- Shanghai-Singapore
- Shanghai-Tanjung Pelepas
- Shanghai-Yokohama
- Yokohama-Shanghai
