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November 11 2019

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42 The Journal of Commerce | November 11 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 UP: The SCFI rose 27.6 points (3.7 percent) from the prior week, increasing to 774.27 points for the week ending Oct. 25, 2019. The index is down 136 points (15 percent) from the end of 2018. Source: IHS Markit ©2017 IHS Markit Comprehensive SCFI* DECREASES YEAR OVER YEAR: The Oct. 25, 2019, SCFI comprehensive reading was 774.2 points, which is 182 points (19 percent) below the same week last year. The Oct. 25 index reading was 225.7 points (22.6 percent) below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* DOWN SLIGHTLY: The Oct. 25, 2019, US West Coast base port average spot rate was $1,361 per FEU, $7 (0.5 percent) below the previous week. The rate is down $1,226 (47.4 percent) year over year, and down $522 (27.7 percent) from year-end 2018. The Oct. 25 index reading was $70 (4.9 percent) below, its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* CREEPS UP: The Oct. 25, 2019, East Coast base port average spot rate was $2,411 per FEU, $37 (1.6 percent) above the previous week and $883 (26.8 percent) below the same week last year. The Oct. 25 index reading is down $587 per FEU (19 percent) from year-end 2018 and down $28 (1.1 percent) from its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* RISES: The Oct. 25, 2019, North Europe base port average spot rate was $854 per TEU, up $14 (2.4 percent) from the prior week and down $167 (21.9 percent) year over year. The Oct. 25 index reading is down $402 (40 percent) from year-end 2018 and down $638 (51.8 percent) from its Oct. 16, 2009, base rate of $1,232 per TEU. To MEDITERRANEAN base ports* CONTINUES TO DECLINE: The Oct. 25, 2019, Mediterranean base port average spot rate was $710 per TEU, down $5 (0.7 percent) from the prior week and $68 (8.7 percent) year over year. The Oct. 25, 2019, index reading has tumbled $257 (26.6 percent) from year-end 2018 and $569 (44.5 percent) from 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 10/25/2019 $0 $500 $1,000 $1,500 $2,000 $2,500 1/1/2010 10/25/2019 1/1/2010 10/25/2019 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 1/1/2010 10/25/2019 $500 $1,000 $1,500 $2,000 $2,500 $3,000 1/1/2010 10/25/2019 300 600 900 1,200 1,500 1,800

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