Digital Edition

November 12 2018

Issue link: https://jocdigital.uberflip.com/i/1046645

Contents of this Issue

Navigation

Page 49 of 55

50 The Journal of Commerce | November 12 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 SLIGHTLY: The SCFI gained 30.38 points or 3.3 percent from the prior week, rising to 956.63 points for the week ending Oct. 26, 2018. The index is 132.45 points or 16.1 percent above year-end 2017. Source: IHS Markit ©2017 IHS Markit Comprehensive SCFI* INDEX JUMPS YEAR OVER YEAR: The Oct. 26, 2018, SCFI comprehensive reading was 956.63 points, which is 149.82 points or 18.6 percent above the same week last year. This index was 43.37 points or 4.3 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* FLAT: The Oct. 26, 2018, US West Coast base port average spot rate was $2,587 per FEU, and flat with previous week. The rate is up $1,075 or 71.1 percent year over year, and $1,064 or 69.9 percent above year-end 2017. This Oct. 26 index was $1,156 or 80.8 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* SLIPS: The Oct. 26, 2018, East Coast base port average spot rate was $3,294 per FEU, $10 or 0.3 percent below the previous week. This week's rate is a year-over-year increase of $1,219 or 58.7 percent. The Oct. 26, 2018 ,index is up $876 per FEU or 36.2 percent from year-end 2017, and $855 or 35.1 percent above its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* INCHES UP: The Oct. 26, 2018, North Europe base port average spot rate was $761 per TEU, $34 or 4.7 percent above the prior week as the rate rose $17 or 2.3 percent year over year. The Oct. 26, 2018, level was down $103 or 11.9 percent from year-end 2017, and down $471 or 38.2 percent from its Oct. 16, 2009, base rate of $1,232 per TEU. To MEDITERRANEAN base ports* INDEX RISES: The Oct. 26, 2018, Mediterranean base port average spot rate was $778 per TEU, up $27 or 3.6 percent from the prior week. The Mediterranean rate is up $138 or 21.6 percent year over year and up $40 or 5.4 percent from year-end 2017. The Oct. 16, 2018, level tumbled $501 or 39.2 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 10/26/2018 $0 $500 $1,000 $1,500 $2,000 $2,500 1/1/2010 10/26/2018 1/1/2010 10/26/2018 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 1/1/2010 10/26/2018 $500 $1,000 $1,500 $2,000 $2,500 $3,000 1/1/2010 10/26/2018 300 600 900 1,200 1,500 1,800

Articles in this issue

Links on this page

Archives of this issue

view archives of Digital Edition - November 12 2018