Continued congestion at ports puts pressure on intra-Asia box rates

Congestion at several ports continues to put upward pressure on intra-Asia container freight rates, despite improving conditions at major Chinese gateways and key transhipment hubs.

The result is the Drewry Intra-Asia Container Index (IACI) is up by $46, to $1,504 per 40ft.

Spot rates from Greater China to North-east, South-east and South Asia were mostly stable during the week, as major ports, including those in China and Singapore, managed to absorb congestion.

However, smaller South-east Asian ports continued to struggle with vessel delays and operational constraints, keeping rates elevated on several tradelanes.

This story was originally published by The Loadstar. Read the full story at The Loadstar →