Issue link: https://jocdigital.uberflip.com/i/340697
64 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. JULY 7.2014 800 1,000 1,200 1,400 1,600 6/27/2014 1/1/2010 10/16/09 Base Index = 1,000 $1,000 $1,500 $2,000 $2,500 $3,000 6/27/2014 1/1/2010 10/16/09 Base Index = $1,431 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 6/27/2014 1/1/2010 10/16/09 Base Index = $2,439 $400 $850 $1,300 $1,750 $2,200 6/27/2014 1/1/2010 10/16/09 Base Index = $1,232 $500 $900 $1,300 $1,700 $2,100 6/27/2014 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* Down a third week: The June 27 Mediterranean base port average spot rate was $1,567 per TEU, $28 or 1.8 percent below the week before, but $360 or 29.8 percent above the same week last year. This index was $288 or 22.5 percent above the Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* Reversal — spot increase: The June 27, 2014, comprehensive SCFI reading was 1,058.67 points, up 15.83 points or 1.5 percent from the week before. This index was 44.96 points or 4.4 percent above a year ago and 58.67 points or 5.9 percent above the Oct. 16, 2009, base index of 1,000 points. To U.S. WEST COAST base ports* Reversal — spot increase: The June 27, 2014, U.S. West Coast base port average spot rate was $1,769 per FEU, $49 or 2.8 percent above the week before, but $239 or 11.9 percent down year-over-year. This index was $338 or 23.6 percent above the Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* Reversal — spot increase: The June 27 U.S. East Coast base port average spot rate was $3,291 per FEU, up $77 or 2.4 percent from the week before. This index was $115 or 3.6 percent above a year ago and $852 or 34.9 percent above the Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* Down a second week: The June 27 North Europe base port average spot rate was $1,106 per TEU, $14 or 1.3 percent below the week before. This index was $508 or 84.9 percent above a year ago, but $126 or 10.2 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. June 27, 2014: SCFI comprehensive reading was 1,058.67 points, up 1.5 percent sequentially, 4.4 percent above a year ago, and 5.9 percent above October 2009 base index. SCFI - SHANGHAI CONTAINERIZED FREIGHT INDEX