Drewry's new Intra-Asia Container Index (IACI), a weighted average of regional spot container freight rates, increased 15% to $573 per 40ft container in the past fortnight.
Drewry's Intra-Asia Container Index (IACI) rose 15% in the last 2 weeks of October, to $573 per 40ft container, the first uptick after six consecutive fortnights of decline since mid-July. Drewry expects this upward trend to continue in November due to the pre-Christmas cargo rush.
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