Congestion and costlier bunkers keeping intra-Asia rates high

Unrelenting congestion and rising bunker prices have pushed intra-Asia rates up for a month. Drewry’s Intra-Asia Container Index climbed for a fourth straight week, with typhoon and geopolitical disruptions combining with pre-Golden Week (1 October) demand to drive up spot rates across key routes. On 17 September, intra-Asia rates edged up 6% from 10 September, to $1,402 per 40ft, as typhoon-relat Read full article →