Issue link: https://jocdigital.uberflip.com/i/719220
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 8/19/2016 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 8/19/2016 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 8/19/2016 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 8/19/2016 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 8/19/2016 1/1/2010 7/2/10 $2,833 10/16/09 $1,431 4/22/16 $725 High: Base: Low: To MEDITERRANEAN base ports* PLUNGED 52.7 PERCENT SINCE YEAR-END 2015: The Aug. 19 Mediterranean base port average spot rate was $594 per TEU, down $105 or 15 percent from the week before, but $145 or 32.3 percent higher year-over-year. This level was $663 or 52.7 percent below year-end, and $685 or 53.6 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* 28.6 PERCENT BELOW YEAR-END 2015: The Aug. 19, 2016, SCFI comprehensive reading was 597.47 points, 37.07 points or 5.8 percent below the week before, and 77.07 points or 11.4 percent below the same period a year ago. Although this index was 197.04 points or 49.2 percent above its record low 400.43 points of March 18, 2016, it was 239.49 or 28.6 percent below year-end 2015, and 402.53 points or 40.3 percent below the Oct. 16, 2009, base of 1,000 points. To U.S. WEST COAST base ports* PLUNGED 26.9 PERCENT YEAR-OVER-YEAR: The Aug. 19 U.S. West Coast base port average spot rate was $1,159 per FEU, $434 or 59.9 percent above the $725 per FEU record low of April 22. In contrast, this index sequentially declined $66 or 5.4 percent, plunged $426 or 26.9 percent year-over-year, and was $359 or 23.6 percent below year- end 2015. This index was $272 or 19 percent below its Oct. 16, 2009, base rate of $1,431 per FEU. To U.S. EAST COAST base ports* PLUNGED 40.5 PERCENT YEAR-OVER-YEAR: The Aug. 19 East Coast base port average spot rate was $1,694 per FEU, $74 or 4.2 percent below the week before, although $246 or 17 percent above the record low $1,448 per FEU of Dec. 25. This index was $861 or 33.7 percent below year- end 2015, $1,152 or 40.5 percent below a year ago, and $745 or 30.5 percent below its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* PLUNGED 10.4 PERCENT IN WEEK: The Aug. 19 North Europe base port average spot rate was $691 per TEU, $80 or 10.4 percent below the week before, although $222 or 47.3 percent more than a year ago. This level was $541 or 43.9 percent below both its year-end 2015 result, 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. PLUNGED 5.8 PERCENT IN WEEK: The Aug. 19, 2016, SCFI comprehensive reading was 597.47 points, 37.07 points or 5.8 percent below the week before, and down 77.07 points or 11.4 percent year-over-year. SEPTEMBER 5.2016 *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