Issue link: https://jocdigital.uberflip.com/i/447890
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. JANUARY 26.2015 800 1,000 1,200 1,400 1,600 1/9/2015 1/1/2010 10/16/09 Base Index = 1,000 $1,000 $1,500 $2,000 $2,500 $3,000 1/9/2015 1/1/2010 10/16/09 Base Index = $1,431 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 1/9/2015 1/1/2010 10/16/09 Base Index = $2,439 $400 $850 $1,300 $1,750 $2,200 1/9/2015 1/1/2010 10/16/09 Base Index = $1,232 $500 $900 $1,300 $1,700 $2,100 1/9/2015 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* Fourth week down: The Jan. 9, 2015, Mediterranean base port average spot rate was $1,174 per TEU, tumbling $67 or 5.4 percent below the week before and $313 or 21 percent below its Sept. 5 level. This index was $571 or 32.7 percent below the same week last year and $105 or 8.2 percent below the Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* Fourth week down: The Jan. 9, 201,5 SCFI comprehensive reading was 1,006.34 points, tumbling 42.54 points or 4.1 percent from the week before and 127.51 points or 11.2 percent below its Sept. 5 level. This index was 161.19 points or 13.8 percent below a year ago, although 6.34 points or 0.6 percent above the Oct. 16, 2009, base of 1,000 points. To U.S. WEST COAST base ports* Fourth week down: The Jan. 9, 2015, U.S. West Coast base port average spot rate was $1,930 per FEU, plunging $128 or 6.2 percent from the week before and $374 or 16.2 percent below its Sept. 5 level. In contrast, this index was $64 or 3.4 percent above a year ago and $499 or 34.9 percent above the Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* Reverses course: The Jan. 9, 2015, U.S. East Coast base port average spot rate was $4,500 per FEU, inching $2 above the week before, while $136 or 2.9 percent below its Sept. 5 level. In contrast, this index was $1,283 or 39.9 percent above a year ago and $2,061 or 84.5 percent above the Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* Fourth week down: The Jan. 9, 2015, North Europe base port average spot rate was $975 per TEU, dropping $110 or 10.1 percent below the week before and $154 or 13.6 percent below its Sept. 5 level. This index was $738 or 43.1 percent below a year ago and $257 or 20.9 percent below 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. Jan. 9, 2015: The SCFI comprehensive reading was 1,006.34, 6.34 points or 0.6 percent above its October 2009 base level, while 4.1 percent below the week before, 11.2 percent below its Sept. 5 level and down 13.8 percent year-over-year.