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December 10 2018

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54 The Journal of Commerce | December 10 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. INCHES DOWN: The SCFI lost 47.67 points or 5 percent from the prior week, falling to 903.9 points for the week ending Nov. 23, 2018. The index is 198.71 points or 28.2 percent above year-end 2017. Source: IHS Markit ©2017 IHS Markit Comprehensive SCFI* INDEX JUMPS YEAR OVER YEAR: The Nov. 23, 2018, SCFI comprehensive reading was 903.9 points, which is 198.71 points or 28.2 percent above the same week last year. This index was 96.1 points or 9.6 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* FALLS FOR THIRD WEEK: The Nov. 23, 2018, US West Coast base port average spot rate was $2,247 per FEU, $282 or 11.2 percent below the previous week. The rate is up $1,150 or 104.8 percent year over year, and $724 or 47.5 percent above year-end 2017. This November index was $816 or 57 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* SLIPS: The Nov. 23, 2018, East Coast base port average spot rate was $3,652 per FEU, $87 or 2.3 percent below the previous week. This week's rate is a year-over-year increase of $1,971 or 117.3 percent. The Nov. 23, 2018, index is up $1,234 per FEU or 51 percent from year-end 2017, and $1,213 or 49.7 percent above its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* INCHES UP: The Nov. 23, 2018, North Europe base port average spot rate was $738 per TEU, $3 or 0.4 percent above the prior week as the rate rose $44 or 6.3 percent year over year. The Nov. 23, 2018, level was down $126 or 14.6 percent from year-end 2017, and down $494 or 40.1 percent from its Oct. 16, 2009, base rate of $1,232 per TEU. To MEDITERRANEAN base ports* FALLS FOR FOURTH WEEK: The Nov. 23, 2018, Mediterranean base port average spot rate was $755 per TEU, down $2 or 0.3 percent from the prior week. The Mediterranean rate is up $162 or 27.3 percent year over year and up $17 or 2.3 percent from year-end 2017. The Nov. 23, 2018, level tumbled $524 or 41 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 11/23/2018 $0 $500 $1,000 $1,500 $2,000 $2,500 1/1/2010 11/23/2018 1/1/2010 11/23/2018 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 1/1/2010 11/23/2018 $500 $1,000 $1,500 $2,000 $2,500 $3,000 1/1/2010 11/23/2018 300 600 900 1,200 1,500 1,800

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