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August 20 2018

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August 20 2018 | The Journal of Commerce 51 www.joc.com JOC By the Numbers Advertisers 18th Annual Port of New York and New Jersey Port Industry Day ................................................................. 9 Cosco Shipping, www.cosco-usa.com ............................ 5 Direct ChassisLink Inc., www.dcli.com .......................... 47 Georgia Ports, www.gaports.com ................................... 19 Litco, www.litco.com/export-grade-pallets .................. 31 North Carolina Ports, www.ncports.com ...................... 33 Port Everglades, www.porteverglades.net ................... 35 Port of Baltimore, www.marylandports.com ............... 29 Port of Long Beach, www.polb.com .............................. 25 Port of Prince Rupert, www.rupertport.com ................ 36 Port of Vancouver, www.portvancouver.com .............. 56 Port of Virginia, www.portofvirginia.com ...................... 55 Port Tampa Bay, www.porttb.com ................................. 27 Ports America, www.portsamerica.com ....................... 30 SMC3, www.smc3.com ..................................................... 49 US Bank, www.freight.usbank.com ............................... 45 Wen-Parker Logistics, www.wen-parker.com ................. 2 Yang Ming Line, www.yangming.com ............................ 21 JOC-ECRI Industrial Price Index Port of Singapore container traffic closes in on 2014 record Source: Economic Cycle Research Institute Source: Maritime and Port Authority of Singapore © 2018 IHS Markit © 2018 IHS Markit The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute (ECRI) and is a leading indicator of inflation based on a broad assortment of raw materials used in industrial production. HITS FRESH YEAR-TO-DATE LOW: The JOC-ECRI Industrial Price Index for the week ending Aug. 3, 2018, set a new year-to- date low of 106.13 as the index fell 0.44 points from the prior week. The rate has fallen for the last eight weeks and is 9.69 points below the 2018 high of 115.82 set Jan. 26. Total TEU traffic at Port of Singapore with year-over-year change The Port of Singapore, long a key global shipping hub, is on pace to return to the record 33.9 million TEU it handled in 2014 as global shipping lines place greater importance on the city-state's port. CMA CGM and Ocean Network Express have each chosen the city to house key operations centers and headquarters following CMA CGM's acquisition of APL, and the merging of "K" Line, MOL, and NYK Line in ONE. ■ IPI 90 95 100 105 110 115 120 8/3/2018 7/21/2017 29.0 29.5 30.0 30.5 31.0 31.5 32.0 32.5 33.0 33.5 34.0 34.5 2017 2016 2015 2014 2013 +4.0% ■ TEU -8.8% +0.0% +9.1% Drewry Hong Kong-Los Angeles Spot Rate Benchmark Source: Drewry Shipping Consultants © 2018 IHS Markit The rate shown here is in dollars and excludes terminal handling charges in Hong Kong. Drewry tracks spot rates on 600- plus global lanes including Hong Kong-Los Angeles by surveying NVOCCs and also tracks contract rates on 8,000-plus lanes via its BCO Benchmarking Club. HITS YEAR-TO-DATE HIGH: The Aug. 6, 2018, average spot market rate from Hong Kong to Los Angeles of $2,101 was flat with the prior week, when it set a new year-to-date high. The Aug. 6, 2018, level is up $430 or 25.7 percent year over year. The Aug. 6, 2018, average spot rate was even with the calendar 2018 high of $2,101 per FEU set the prior week, while $779 or 27.1 percent below the Drewry benchmark record high of $2,880 per FEU of Aug. 6, 2012. ■ Rate per 40-foot box $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 -50% 0% 50% 100% 150% 7/23/18 7/24/17 PERCENT CHANGE: ● Year-over-year ● Week-to-week High: $2,880 8/6/12 Low: $623 4/25/16

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