Issue link: https://jocdigital.uberflip.com/i/334529
90 THE JOURNAL OF COMMERCE www.joc.com JOC By the Numbers Data selected and prepared by Journal of Commerce Research Editor Marsha Salisbury. She can be contacted at 973-776-7828, msalisbury@joc.com. MAY 26.2014 800 1,000 1,200 1,400 1,600 5/16/2014 1/1/2010 10/16/09 Base Index = 1,000 $1,000 $1,500 $2,000 $2,500 $3,000 5/16/2014 1/1/2010 10/16/09 Base Index = $1,431 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 5/16/2014 1/1/2010 10/16/09 Base Index = $2,439 $400 $850 $1,300 $1,750 $2,200 5/16/2014 1/1/2010 10/16/09 Base Index = $1,232 $500 $900 $1,300 $1,700 $2,100 5/16/2014 1/1/2010 10/16/09 Base Index = $1,279 *Indices were not published on the following dates: 2010: Feb. 19, April 30, Sept. 24, Oct. 1 or Oct. 8, 2010. 2011: Feb. 4 or Oct. 7, 2011. 2012: Jan. 27 or Oct. 5, 2012. 2013: Feb. 15 or Oct. 4, 2013. Base ports defined: U.S. West Coast — Los Angeles/Long Beach/Oakland; U.S. 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. Source: Shanghai Shipping Exchange, www1.chineseshipping.com.cn/en/indices/scfi.jsp To MEDITERRANEAN base ports* Spot drops: The May 16 Mediterranean base port average spot rate was $1,562 per TEU. That's $36 or 2.3 percent below the week before, but $783 or about double the spot rate for the same week last year. This index was $283 or 22.1 percent above the Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* Spot flat: The May 16, 2014, comprehensive SCFI reading was 1,161.39 points, slipping 1.67 points or 0.1 percent below the week before. This index was 170.61 points or 17.2 percent above a year ago and 1 61.39 points or 16.1 percent above the Oct. 16, 2009, base index of 1,000 points. To U.S. WEST COAST base ports* Spot spikes: The May 16 U.S. West Coast base port average spot rate was $1,987 per FEU, $80 or 4.2 percent above the week before, but $25 or 1.2 percent below a year ago. This index was $556 or 38.9 percent above the Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* Spot spikes: The May 16 U.S. East Coast base port average spot rate was $3,424 per FEU, spiking $108 or 3.3 percent above the week before. This index was $255 or 8 percent above a year ago and $985 or 40.4 percent above the Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* Spot tumbles: The May 16, 2014, North Europe base port average spot rate was $1,287 per TEU, $114 or 8.1 percent below the week before. This index was $619 or 92.7 percent above a year ago and $55 or 4.5 percent above the Oct. 16, 2009, base rate of $1,232 per TEU. n 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. May 16, 2014: SCFI comprehensive reading was 1,161.39 points, sequentially flat, but 17.2 percent above a year ago, and 16.1 percent above October 2009 base index. SCFI - SHANGHAI CONTAINERIZED FREIGHT INDEX