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August 20 2018

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50 The Journal of Commerce | August 20 2018 www.joc.com JOC By the Numbers SCFI - Shanghai Containerized Freight Index Shanghai export average spot rates for the following four trade lanes are among the 15 component trade lanes in the weekly SCFI — Shanghai Containerized Freight Index produced by the Shanghai Shipping Exchange and weigh 57.5 percent of the SCFI comprehensive reading. RISES FOR SECOND WEEK: The SCFI gained 26.93 points or 3.1 percent from the prior week, rising to 890.52 points for the week ending Aug. 3, 2018. The index is 66.34 points or 8 percent above year-end 2017. Source: IHS Markit ©2017 IHS Markit Comprehensive SCFI* INDEX SLIPS YEAR OVER YEAR: The Aug. 3, 2018, SCFI comprehensive reading was 890.52 points, which is 6.76 points or 0.8 percent below the same week last year. This index was 109.48 points or 10.9 percent below the Oct. 28, 2009, base of 1,000 points. To US WEST COAST base ports* BREAKS $2,000: The Aug. 3, 2018, US West Coast base port average spot rate was $2,074 per FEU, $197 or 10.5 percent above the previous week, breaking the $2,000 mark for the first time since February 2017. The rate is up $413 or 24.9 percent year over year, and $551 or 36.2 percent above year-end 2017. This Aug. 3 index was $643 or 44.9 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* PASSES $3,000: The Aug. 3, 2018, East Coast base port average spot rate was $3,099 per FEU, $253 or 8.9 percent above the previous week, passing $3,000 for the first time since February 2017. This week's rate is a year-over-year increase of $438 or 16.5 percent. The Aug. 3 index is up $681 per FEU or 28.2 percent from year-end 2017, and $660 or 27.1 percent above its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* RISES FOR SECOND WEEK: The Aug. 3, 2018, North Europe base port average spot rate was $935 per TEU, $9 or 1 percent above the prior week as the rate was flat year over year. The Aug. 3 level was up $71 or 8.2 percent from year-end 2017, and down $297 or 24.1 percent from its Oct. 16, 2009, base rate of $1,232 per TEU. To MEDITERRANEAN base ports* SEESAWS: The Aug. 3, 2018, Mediterranean base port average spot rate was $881 per TEU, down $12 or 1.3 percent from the prior week. The Mediterranean rate is up $22 or 2.6 percent year over year and up $143 or 19.4 percent from year- end 2017. The Aug. 3 level tumbled $398 or 31.1 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. *Indices were not published on the following dates: 2010: Feb. 19, April 30, Sept. 24, Oct. 1 or Oct. 8. • 2011: Feb. 4 or Oct. 7. • 2012: Jan. 27 or Oct. 5. • 2013: Feb. 15 or Oct. 4. • 2014: Oct. 3. • 2015: Feb. 20 or Oct. 2. • 2016: Feb. 12, Oct. 7. Base ports defined: US West Coast — Los Angeles/Long Beach/Oakland; US East Coast — New York/Savannah/Norfolk/Charleston; Europe — Hamburg/Antwerp/Felixstowe/Le Havre; Mediterranean Sea — Barcelona Valencia/Genoa/ Naples. The freight rate includes ocean freight and surcharges including BAF/FAF, EBS/EBA, CAF/YAS, PSS, WRS, PCS, SCS/SCF/PTF/PCC. • *Low Sulphur Surcharge (LSS) was included from end of year 2014. Source: Shanghai Shipping Exchange, en.sse.net.cn/indices/scfinew.jsp © 2018 IHS Markit High: $2,067 2/26/10 Base: $1,279 10/16/09 Low: $195 10/16/15 and 3/18/16 High: $2,164 3/5/10 Base: $1,232 10/16/09 Low: $205 6/19/15 and 3/18/16 High: $5,049 2/13/15 Base: $2,439 10/16/09 Low: $1,448 12/25/15 High: $2,833 7/2/10 Base: $1,431 10/16/09 Low: $725 4/22/16 High: 1,583 7/2/10 Base: 1,000 10/16/09 Low: 400 3/18/16 $0 $500 $1,000 $1,500 $2,000 $2,500 1/1/2010 8/3/2018 $0 $500 $1,000 $1,500 $2,000 $2,500 1/1/2010 8/3/2018 1/1/2010 8/3/2018 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 1/1/2010 8/3/2018 $500 $1,000 $1,500 $2,000 $2,500 $3,000 1/1/2010 8/3/2018 300 600 900 1,200 1,500 1,800

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