Issue link: https://jocdigital.uberflip.com/i/335864
80 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. JUNE 9.2014 800 1,000 1,200 1,400 1,600 5/30/2014 1/1/2010 10/16/09 Base Index = 1,000 $1,000 $1,500 $2,000 $2,500 $3,000 5/30/2014 1/1/2010 10/16/09 Base Index = $1,431 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 5/30/2014 1/1/2010 10/16/09 Base Index = $2,439 $400 $850 $1,300 $1,750 $2,200 5/30/2014 1/1/2010 10/16/09 Base Index = $1,232 $500 $900 $1,300 $1,700 $2,100 5/30/2014 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 spikes: The May 30, 2014, Mediterranean base port average spot rate was $1,611 per TEU, $103 or 6.8 percent above the week before and $404 or 33.5 percent higher year- over-year. This index was $332 or 26 percent above the Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* Spot slips: The May 30, 2014, comprehensive SCFI reading was 1,108.64 points, slipping 6.72 points or 0.6 percent below the week before. This index was 94.93 points or 9.4 percent above a year ago and 108 .64 points or 10.9 percent above the Oct. 16, 2009, base index of 1,000 points. To U.S. WEST COAST base ports* Spot drops: The May 30, 2014, U.S. West Coast base port average spot rate was $1,865 per FEU, $58 or 3 percent below the week before and $143 or 7.1 percent below a year ago. This index was $434 or 30.3 percent above the Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* Spot declines: The May 30, 2014, U.S. East Coast base port average spot rate was $3,332 per FEU, down $52 or 1.5 percent below the week before. This index was $156 or 4.9 percent above a year ago and $893 or 36.6 percent above the Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* Spot declines: The May 30, 2014, North Europe base port average spot rate was $1,155 per TEU, $33 or 2.8 percent below the week before. This index was $557 or 93.1 percent above a year ago and $77 or 6.3 percent below 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 30, 2014: SCFI comprehensive reading was 1,108.64 points, slipping 0.6 percent sequentially, but 9.4 percent above a year ago and 10.9 percent above October 2009 base index. SCFI - SHANGHAI CONTAINERIZED FREIGHT INDEX