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Aug.21, 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 8/4/2017 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 8/4/2017 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 8/4/2017 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 8/4/2017 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 8/4/2017 1/1/2010 7/2/10 $2,833 10/16/09 $1,431 4/22/16 $725 High: Base: Low: To MEDITERRANEAN base ports* DECLINES SLIGHTLY: The Aug. 4, 2017, Mediterranean base port average spot rate was $859 per TEU, down $24, or 2.7 percent from the previous week. The rate is down $145 year over year, or 14.4 percent, and down $227 or 20.9 percent from year-end 2016. The Aug. 4 level tumbled $420 or 32.8 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* INDEX RISES 2.4 PERCENT YEAR OVER YEAR: The Aug. 4, 2017, SCFI comprehensive reading was 897.28 points, 3 percent or 28.17 points below the previous week as the rate rose 20.4 percent year over year. This index was 102.72 points or 10.3 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* HOLDS ONTO MOST GAINS: The Aug. 4, 2017, US West Coast base port average spot rate was $1,661 per FEU, $26 or 1.5 percent below the previous week, and up 25.6 percent or $339 year over year, while $262 or 13.6 percent below year-end 2016. This August 4 index was $230 or 16.1 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* INCHES LOWER: The Aug.t 4, 2017, East Coast base port average spot rate was $2,661 per FEU, $24 or 0.9 percent below the previous week, and a year-over-year increase of $703 or 35.9 percent. The August 4 index is down $439 per FEU or 14.2 percent from year-end 2016, and $222 or 9.1 percent below its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* SLIPS: The Aug. 4, 2017, North Europe base port average spot rate was $935 per TEU, $28 or 2.9 percent below the prior week, but down $190, more than 16.9 percent, year over year. The Aug. 4 level was down $233 or 19.9 percent from year-end 2016, and $297 or 24.1 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 SLIPS: The August 4, 2017, SCFI comprehensive reading was down 3 percent or 28.17 points from the prior week to 897.28 points, giving up some of the gains made in the week before, when the index rose to 925.45. The index is 54.38 points or 5.7 percent below year-end 2016. AUGUST 21.2017 *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

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