Issue link: https://jocdigital.uberflip.com/i/516072
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 1.2015 600 800 1,000 1,200 1,400 1,600 5/15/2015 1/1/2010 7/2/10 1,583.18 10/16/09 1,000.00 4/24/15 702.46 High: Base: Low: 7/2/10 $2,833 10/16/09 $1,431 1/1/10 $1,358 High: Base: Low: 2/13/15 $5,049 10/16/09 $2,439 1/10/10 $2,343 High: Base: Low: 3/5/10 $2,164 10/16/09 $1,232 4/30/15 $343 High: Base: Low: 2/26/10 $2,067 10/16/09 $1,279 4/24/15 $476 High: Base: Low: $1,000 $1,500 $2,000 $2,500 $3,000 5/15/2015 1/1/2010 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 5/15/2015 1/1/2010 $0 $500 $1,000 $1,500 $2,000 $2,500 5/15/2015 1/1/2010 $0 $500 $1,000 $1,500 $2,000 $2,500 5/15/2015 1/1/2010 *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, 2015: Feb. 20, 2015. 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/LSS*, EBS/EBA, CAF/YAS, PSS, WRS, PCS, SCS/SCF/PTF/PCC. *Low Sulphur Surcharge (LSS) was included from end of year 2014. Source: Shanghai Shipping Exchange, www1.chineseshipping.com.cn/en/indices/scfi.jsp To MEDITERRANEAN base ports* Increase reversed: The May 15, 2015, Mediterranean base port average spot rate was $776 per TEU, plummeting $227 or 22.6 percent below the previous week. This index was $465 or 37.5 percent below year-end, down $786 or 50.3 percent year-over-year, and $503 or 39.3 percent below the Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* Increase reversed: The May 15, 2015, SCFI comprehensive reading was 757.66 points, tumbling 72.47 points or 8.7 percent below the week before. This index was 291.22 points or 27.8 percent below year-end, 403.73 points or 34.8 percent below a year ago, and 242.34 points or 24.2 percent below the Oct. 16, 2009, base of 1,000 points. To U.S. WEST COAST base ports* Second week down: The May 15, 2015, U.S. West Coast base port average spot rate was $1,519 per FEU, losing $128 or 7.8 percent since the week before, losing $539 or 26.2 percent since year-end, and $468 or 23.6 percent year-over-year. This index was $88 or 6.1 percent above the Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* Fifth week down: The May 15, 2015 U.S. East Coast base port average spot rate was $3,215 per FEU, losing $95 or 2.9 percent since the week before and losing $1,283 or 28.5 percent since year-end. This index was $209 or 6.1 percent below a year ago although $776 or 31.8 percent above the Oct. 16, 2009 base rate of $2,439 per FEU. To NORTH EUROPE base ports* Increase reversed: The May 15, 2015, North Europe base port average spot rate was $658 per TEU, losing $203 or 23.6 percent since the week before while losing $427 or 39.4 percent since year-end. This index was $629 or 48.9 percent below a year ago and $574 or 46.6 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. The May 15, 2015 SCFI comprehensive reading was 757.66 points, sequentially tumbling 72.47 points or 8.7 percent while losing 403.73 points or 34.8 percent year-over-year.