Intra-Asia rates soften, but carriers continue to add capacity

Intra-Asia rates continue to weaken as market observers say the busy H1 26 for Chinese exports is fading. Drewry’s Intra-Asia Container Index showed that, as of 23 July, rates from Shanghai to JNPA (Nhava Sheva) slid 4% from 16 July, to $1,667 per 40ft, from Shanghai to Jakarta they were down 4%, to $1,475 per 40ft, and from Shanghai to Kaohsiung they also fell 4% to $1,433 per 40ft. On 24 July, . Read full article →