Early peak season on busy intra-Asia trade drawing to a close

Intra-Asia freight rates have been declining in what appears to be the end of an early peak season, with congestion in South-east Asian ports beginning to ease. On 10 July, the Shanghai Containerised Freight Index registered a third consecutive weekly drop in the Shanghai-South-east Asia rate, which fell 6% from 3 July, to $628 per teu. On 9 July, Drewry’s Intra-Asia Container Index showed rates o Read full article →