LONDON research house Drewry's Intra-Asia Container Index (IACI), a weighted average of regional spot container freight rates, decreased eight per cent in the first two weeks of February to US$667 per FEU, reports St Petersburg PortNews.
Despite this decline, the IACI remains 33 per cent higher than in the same period last year, indicating the ongoing strengthening of intra-Asian trade. However, Drewry forecasts that freight rates will continue to drop throughout February.
The Intra-Asia Container Index (IACI) reports actual spot container freight rates for major intra-Asia trade routes.
The index, which will be updated fortnightly, consists of 18 route-specific indices representing individual shipping routes and a composite index. All indices are reported in USD per FEU.
SeaNews Turkey
Despite this decline, the IACI remains 33 per cent higher than in the same period last year, indicating the ongoing strengthening of intra-Asian trade. However, Drewry forecasts that freight rates will continue to drop throughout February.
The Intra-Asia Container Index (IACI) reports actual spot container freight rates for major intra-Asia trade routes.
The index, which will be updated fortnightly, consists of 18 route-specific indices representing individual shipping routes and a composite index. All indices are reported in USD per FEU.
SeaNews Turkey
