The Intra-Asian Container Index (IACI), as a key benchmark for container shipping rates on major trade routes in Asia, witnessed a 1% decrease this week, reaching $1503 for a 40-foot container. This change occurs as the index has stabilized after six consecutive weeks of increase and has not fluctuated significantly during China's Golden Week holidays.
History of Index Fluctuations
Comparing the current situation with last year shows that during the same period, the IACI decreased by 12% last year. This indicates a relative improvement in the intra-Asian container shipping market where shipping rates have changed significantly. Currently, the IACI is a composite of 18 specific route indices representing various shipping routes.
Details of Shipping Rates
Shipping rates are collected for the following routes: Busan-Shanghai, Ho Chi Minh City-Shanghai, Jakarta-Shanghai, Jawaharlal Nehru Port-Shanghai, and other related routes. This information is updated weekly and helps industry players make better decisions.
Given the collection of market rate data from various routes, this index is particularly important for traders and shipping companies in Asia. While the global shipping situation is experiencing fluctuations, it seems that the Asian market is moving towards stability.
