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72 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. NOVEMBER 10.2014 800 1,000 1,200 1,400 1,600 10/31/2014 1/1/2010 10/16/09 Base Index = 1,000 $1,000 $1,500 $2,000 $2,500 $3,000 10/31/2014 1/1/2010 10/16/09 Base Index = $1,431 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 10/31/2014 1/1/2010 10/16/09 Base Index = $2,439 $400 $850 $1,300 $1,750 $2,200 10/31/2014 1/1/2010 10/16/09 Base Index = $1,232 $500 $900 $1,300 $1,700 $2,100 10/31/2014 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. 2014: Oct. 3, 2014. 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* Quantum leap: The Oct. 31 Mediterranean base port average spot rate was $1,416 per TEU, jumping $480 or 51.3 percent above the week before, although $71 or 4.8 percent below its Sept. 5 level and $83 or 5.5 percent below the same week last year. This index was $137 or 10.7 percent above the Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* Third week up: The Oct. 31, 2014, comprehensive SCFI reading was 1,112 points, jumping 144.69 points or 15 percent above the week before. This index was 21.85 points or 1.9 percent below its Sept. 5 level while 16.75 points or 1.5 percent below a year ago. This index was 112 points or 11.2 percent above the Oct. 16, 2009, base index of 1,000 points. To U.S. WEST COAST base ports* Second week down: The Oct. 31 U.S. West Coast base port average spot rate was $1,988 per FEU, $121 or 5.7 percent below the week before and $316 or 13.7 percent below its Sept. 5 level. This index was $264 or 15.3 percent above a year ago and $557 or 38.9 percent above the Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* Second week down: The Oct. 31 U.S. East Coast base port average spot rate was $4,048 per FEU, $71 or 1.7 percent below the week before and $588 or 12.7 percent below its Sept. 5 level. This index was $949 or 30.6 percent above a year ago and $1,609 or 66 percent above the Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* Nearly doubles: The Oct. 31 North Europe base port average spot rate was $1,312 per TEU, jumping $615 or 88.2 percent above the week before and $183 or 16.2 percent above its Sept. 5 level. This index was $111 or 7.8 percent below a year ago, but $80 or 6.5 percent above the Oct. 16, 2009, base rate of $1,232 per TEU. SCFI - SHANGHAI CONTAINERIZED FREIGHT INDEX 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. Oct. 31, 2014: The SCFI comprehensive reading was 1,112 points, jumping 144.69 points or 15 percent above the week before, although 21.85 points or 1.9 percent below its Sept. 5 level.

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