Issue link: https://jocdigital.uberflip.com/i/802629
50 THE JOURNAL OF COMMERCE www.joc.com JOC By the Numbers 300 600 900 1,200 1,500 1,800 3/17/2017 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 3/17/2017 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 3/17/2017 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 3/17/2017 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 3/17/2017 1/1/2010 7/2/10 $2,833 10/16/09 $1,431 4/22/16 $725 High: Base: Low: To MEDITERRANEAN base ports* SURGES 329.7 PERCENT YEAR-OVER- YEAR: Following a decrease, the March 17 Mediterranean base port average spot rate was $838 per TEU, down $36, or 4.5 percent from the previous week, but up $643 year- over-year. The March 17 level tumbled $441 or 34.5 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* SLIDE SLIPS INTO NINTH WEEK: The March 17, 2017, SCFI comprehensive reading was 761.15 points, 14.12 points or 1.9 percent below the previous week as the rate rose 90.1 percent year-over-year. This index was 238.85 points or 23.9 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* JUMPS 87.1 PERCENT YEAR-OVER-YEAR: In its ninth consecutive week in decline, the March 17 US West Coast base port average spot rate was $1,424 per FEU, $86 or 6.4 percent below the previous week and $499 or 25.9 percent below year-end 2016. This March 17 index was $7 or 0.5 percent below its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* SPIKES 74 PERCENT YEAR-OVER-YEAR: The March 17 East Coast base port average spot rate was $2,887 per FEU, $166 or 6.1 percent below the previous week, and a year-over-year jump of $1,227 or 74 percent. The March 17 level is $448 or 18.4 percent above its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* SPIKES 319 PERCENT YEAR-OVER-YEAR: After falling the previous week, the March 17 North Europe base port average spot rate was $859 per TEU, $40 or 4.9 percent below the prior week, but jumped $654, more than tripling, year-over-year. The March 17 level was down $373 or 30.3 percent from 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. YEAR-OVER-YEAR GAINS WIDEN: The March 17, 2017, SCFI comprehensive reading was up 90.1 percent year-over-year to 761.15 points, but down 14.12 points or 1.9 percent from the prior week, and 190.51 points or 20 percent below year-end 2016. APRIL 3.2017 *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, Oct. 7. Base ports defined: US West Coast — Los Angeles/Long Beach/Oakland; US 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