Intra‑Asia container index slips 1% as spot rates ease

The Drewry Intra‑Asia Container Index Composite fell 1% this week to $1,503 per 40‑ft container, while still being 209% higher than a year earlier.

Spot rates from Shanghai to Laem Chabang, Manila and Yokohama each dropped 3% to $1,690, $1,027 and $1,052 per 40‑ft respectively; rates to Jebel Ali stayed elevated at $8,662 per 40‑ft, and rates to Singapore rose 2% to $2,123 per 40‑ft.