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July10, 2017

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58 THE JOURNAL OF COMMERCE www.joc.com JOC By the Numbers 300 600 900 1,200 1,500 1,800 6/23/2017 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 6/23/2017 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 6/23/2017 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 6/23/2017 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 6/23/2017 1/1/2010 7/2/10 $2,833 10/16/09 $1,431 4/22/16 $725 High: Base: Low: To MEDITERRANEAN base ports* FLATLINES: The June 23, 2017 Mediterranean base port average spot rate was $878 per TEU, down $1, or 0.1 percent from the previous week. The rate is up $102 year over year, an increase of 13.1 percent, but down $208 or 19.2 percent from year- end 2016. The June 23 level tumbled $401 or 31.4 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* INDEX RISES 50.2 PERCENT YEAR OVER YEAR: The June 23, 2017, SCFI comprehensive reading was 827.27 points, 1.3 percent or 11.09 points below the previous week as the rate rose 50.2 percent year over year. This index was 172.73 points or 17.3 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* DIPS FOR THIRD WEEK: The June 23, 2017, US West Coast base port average spot rate was $1,092 per FEU, $54 or 4.7 percent below the previous week, but up 45 percent or $339 year over year, while $831 or 43.2 percent below year-end 2016. This June 23 index was $339 or 23.7 percent below its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* SLIPS AGAIN: The June 23, 2017, East Coast base port average spot rate was $2,013 per FEU, $68 or 3.3 percent below the previous week, and a year-over-year jump of $517 or 34.6 percent. The June 23 index is down $1,087 per FEU or 35.1 percent from year- end, and $426 or 17.5 percent below its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* INCHES UP: The June 23, 2017, North Europe base port average spot rate was $882 per TEU, $2 or 0.2 percent above the prior week, and up $202, more than 29.7 percent, year over year. The June 23 level was down $286 or 24.5 percent from year-end 2016, and $350 or 28.4 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. SCFI SLIDES AGAIN: The June 23, 2017, SCFI comprehensive reading was up 50.2 percent year over year to 827.27 points but declined 11.09 points or 1.3 percent from the prior week. The index is 124.39 points or 13.1 percent below year-end 2016. JULY 10.2017 *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. • 2017: Jan 26. 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

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