Source link : https://news7.asia/news/intra-asia-container-rates-plunge-to-just-582/
The Drewry Intra-Asia Container Index has dropped to $582, signaling a notable shift in regional shipping costs. This latest dip reflects evolving market dynamics within Asia’s container shipping sector, influenced by fluctuating demand and capacity adjustments. Industry stakeholders are closely monitoring the index as it provides critical insight into freight rate trends across key intra-Asian trade routes.
Drewry Intra-Asia Container Index Sees Significant Decline Reflecting Market Softening
The latest figures from Drewry reveal a notable drop in the intra-Asia container index, which has plummeted to $582 per 40-foot container. This downturn signals a clear softening in the regional shipping market, driven primarily by declining demand across key Asian trade lanes. Market analysts attribute the decline to seasonal slowdowns, easing supply chain disruptions, and a cautious approach from exporters amidst fluctuating consumer demand.
Key factors influencing this trend include:
- Reduced spot rates across major origin-destination pairs within Asia.
- Increased capacity
- Shift in trade flows with some exporters opting for alternative transportation modes.
| Route | Current Rate ($/FEU) | Change from Last Month |
|---|---|---|
| Shanghai to Singapore | 590 | -7% |
| Hong Kong to Jakarta | 575 | -9% |
| Busan to Manila | 580 | -6% |
Analysis of Factors Driving the Drop in Asian Shipping Rates and Industry Implications
The recent decline in Asian shipping rates, as reflected by the Drewry intra-Asia…
/strong>
—-
Author : Mia Garcia
Publish date : 2025-09-01 22:01:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8