Issue link: https://jocdigital.uberflip.com/i/708843
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, marsha.salisbury@ihs.com. 300 600 900 1,200 1,500 1,800 7/22/2016 1/1/2010 7/2/10 1,583.18 10/16/09 1,000.00 3/18/16 400.43 High: Base: Low: $0 $500 $1,000 $1,500 $2,000 $2,500 7/22/2016 1/1/2010 2/26/10 $2,067 10/16/09 $1,279 10/16/15 & 3/18/16 $195 High: Base: Low: $0 $500 $1,000 $1,500 $2,000 $2,500 7/22/2016 1/1/2010 3/5/10 $2,164 10/16/09 $1,232 6/19/15 & 3/18/16 $205 High: Base: Low: $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 7/22/2016 1/1/2010 2/13/15 $5,049 10/16/09 $2,439 12/25/15 $1,448 High: Base: Low: $500 $1,000 $1,500 $2,000 $2,500 $3,000 7/22/2016 1/1/2010 7/2/10 $2,833 10/16/09 $1,431 4/15/16 $725 High: Base: Low: To MEDITERRANEAN base ports* UP 65.2 PERCENT YEAR-OVER-YEAR: The July 22, 2016, Mediterranean base port average spot rate was $664 per TEU, sequentially plunging $94 or 12.4 percent. While this index was $262 or 65.2 percent higher than a year ago, it was $615 or 48.1 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* UP 14.5 PERCENT YEAR-OVER-YEAR: The July 22, 2016, SCFI comprehensive reading was 628.59 points, 41.70 points or 6.2 percent below the week before, but 79.82 points or 14.5 percent above the same period a year ago. This index was 371.41 points or 37.1 percent below the Oct. 16, 2009, base of 1,000 points. To U.S. WEST COAST base ports* UP 15.4 PERCENT YEAR-OVER-YEAR: The July 22, 2016 ,U.S. West Coast base port average spot rate was $1,296 per FEU, $571 or 78.8 percent above the $725-per- FEU record low of April 22. While this index sequentially declined $125 or 8.8 percent, it was up $173 or 15.4 percent year-over-year. This index was $135 or 9.4 percent below its Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* PLUNGED 31.7 PERCENT SINCE YEAR- END: The July 22, 2016, East Coast base port average spot rate was $1,744 per FEU, $127 or 6.8 percent below the week before. This index was $811 or 31.7 percent below year-end 2015, $794 or 31.3 percent below a year ago, and $695 or 28.5 percent below its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* UP 78.3 PERCENT YEAR-OVER-YEAR: The July 22, 2016, North Europe base port average spot rate was $713 per TEU, $63 or 8.1 percent below the week before. While this index was $313 or 78.3 percent more than a year ago, it was $519 or 42.1 percent below both its year-end 2015 results and its 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. DOWN 6.2 PERCENT: The July 22, 2016, SCFI comprehensive reading was 628.59 points, 41.70 points or 6.2 percent below the week before, but up 79.82 points or 14.5 percent year-over-year. AUGUST 8.2016 *Indices were not published on the following dates: 2010: Feb. 19, April 30, Sept. 24, Oct. 1 or Oct. 8. • 2011: Feb. 4 or Oct. 7. • 2012: Jan. 27 or Oct. 5. • 2013: Feb. 15 or Oct. 4. • 2014: Oct. 3. • 2015: Feb. 20 or Oct. 2. • 2016: Feb. 12. 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. • *Low Sulphur Surcharge (LSS) was included from end of year 2014. Source: Shanghai Shipping Exchange, www1.chineseshipping.com.cn/en/indices/scfinew.jsp