Issue link: https://jocdigital.uberflip.com/i/854158
www.joc.com THE JOURNAL OF COMMERCE 65 JOC By the Numbers 300 600 900 1,200 1,500 1,800 7/21/2017 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 7/21/2017 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 7/21/2017 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 7/21/2017 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 7/21/2017 1/1/2010 7/2/10 $2,833 10/16/09 $1,431 4/22/16 $725 High: Base: Low: To MEDITERRANEAN base ports* FALLS AGAIN: The July 21, 2017, Mediterranean base port average spot rate was $852 per TEU, down $12, or 1.4 percent from the previous week. The rate is up $188 year over year, or 28.3 percent, and down $234 or 21.5 percent from year- end 2016. The July 21 level tumbled $427 or 33.4 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* INDEX JUMPS 33.2 PERCENT YEAR- OVER-YEAR: The July 21, 2017, SCFI comprehensive reading was 837.42 points, 2.8 percent or 24.49 points below the previous week as the rate rose 33.2 percent year over year. This index was 162.58 points or 16.3 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* SLIPS FOR THIRD WEEK: The July 21, 2017, US West Coast base port average spot rate was $1,226 per FEU, $39 or 3.1 percent below the previous week, and down 5.4 percent or $70 year over year, while $697 or 36.2 percent below year-end 2016. This July 21 index was $205 or 14.3 percent below its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* CONTINUES DECLINE: The July 21, 2017, East Coast base port average spot rate was $2,333 per FEU, $18 or 0.8 percent below the previous week, and a year-over-year increase of $489 or 28 percent. The July 21 index is down $867 per FEU or 28 percent from year-end 2016, and $206 or 8.4 percent below its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* INCHES DOWNWARD: The July 21, 2017, North Europe base port average spot rate was $919 per TEU, $20 or 2.1 percent below the prior week, but up $206, more than 28.9 percent, year over year. The July 21 level was down $249 or 21.3 percent from year-end 2016, and $313 or 25.4 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 GIVES UP GAINS: The July 21, 2017, SCFI comprehensive reading was down 2.8 percent or 24.49 points from the prior week to 837.42 points, giving up all of the gains made in the week before, when the index rose to 861.91. The index is 114.24 points or 12 percent below year-end 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, 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