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March 18 2019

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58 The Journal of Commerce | March 18 2019 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 fell 44.04 points or 5.2 percent from the prior week, decreasing to 803.71 points for the week ending March 1, 2019. The index is 107.1 points or 11.8 percent below year-end 2018. Source: IHS Markit ©2017 IHS Markit Comprehensive SCFI* INDEX RISES YEAR OVER YEAR: The March 1, 2019, SCFI comprehensive reading was 803.71 points, which is 31.26 points or 4 percent above the same week last year. This index was 196.29 points or 19.6 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* FALLS FOR FIFTH WEEK: The March 1, 2019, US West Coast base port average spot rate was $1,549 per FEU, $171 or 9.9 percent below the previous week. The rate is up $297 or 23.7 percent year over year, and is $334 or 17.7 percent below year-end 2018. This March 1 index was $119 or 8.2 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* CONTINUES TO SLIDE: The March 1, 2019, East Coast base port average spot rate was $2,640 per FEU, $197 or 6.9 percent below the previous week. This week's rate is a year-over-year increase of $265 or 11.2 percent. The March 1, 2019 index is down $358 per FEU or 11.9 percent from year-end 2018, and $201 or 8.2 percent above its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* DROPS: The March 1, 2019, North Europe base port average spot rate was $796 per TEU, down $35 or 4.2 percent from the prior week, as the rate fell $31 or 3.7 percent year over year. The March 1, 2019, level is down $200 or 20.1 percent from year-end 2018, and down $436 or 35.4 percent from its Oct. 16, 2009, base rate of $1,232 per TEU. To MEDITERRANEAN base ports* DIPS: The March 1, 2019, Mediterranean base port average spot rate was $810 per TEU, down $47 or 5.5 percent from the prior week. The Mediterranean rate is up $89 or 12.3 percent year over year and down $157 or 16.2 percent from year-end 2018. The March 1, 2019 level tumbled $469 or 36.7 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 © 2019 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 3/1/2019 $0 $500 $1,000 $1,500 $2,000 $2,500 1/1/2010 3/1/2019 1/1/2010 3/1/2019 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 1/1/2010 3/1/2019 $500 $1,000 $1,500 $2,000 $2,500 $3,000 1/1/2010 3/1/2019 300 600 900 1,200 1,500 1,800

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