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Drewry: Rate collapse on intra-Asian services

Freight rates on the intra-Asian container services, which not long ago were very stable and lucrative for shipowners, have now collapsed and dropped to the lowest level in four years.

Container rates on the Intra-Asian services, which just a few years ago were seen as a flourishing area of growth, have now dropped to the lowest level in four years, says analyst agency Drewry in its weekly Container Freight Rate Insight.

The index for intra-Asia has fallen by 10 percent in the three month period ending in January 2015, to USD 900 million for a 40-foot container. This is the lowest level since March 2011.

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