Issue link: https://jocdigital.uberflip.com/i/865503
50 THE JOURNAL OF COMMERCE www.joc.com JOC By the Numbers 300 600 900 1,200 1,500 1,800 8/18/2017 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 8/18/2017 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 8/18/2017 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 8/18/2017 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 8/18/2017 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: The Aug. 18, 2017, Mediterranean base port average spot rate was $849 per TEU, down $18, or 2.1 percent from the previous week. The rate is up $132 year over year, or 18.9 percent, and down $255 or 23.5 percent from year- end 2016. The Aug. 18 level tumbled $448 or 35 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* INDEX JUMPS 35.5 PERCENT YEAR OVER YEAR: The Aug. 18, 2017, SCFI comprehensive reading was 859.92 points, 2.1 percent or 18.35 points below the previous week as the rate rose 35.5 percent year over year. This index was 140.08 points or 14 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* INCHES UP: The Aug. 18, 2017, US West Coast base port average spot rate was $1,659 per FEU, $18 or 1.1 percent above the previous week, and up 35.4 percent or $434 year over year, while $264 or 13.7 percent below year-end 2016. This Aug. 18 index was $228 or 15.9 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* SLIPS: The Aug. 18, 2017, East Coast base port average spot rate was $2,592 per FEU, $28 or 1.1 percent below the previous week, and a year-over-year increase of $824 or 46.6 percent. The Aug. 18 index is down $508 per FEU or 16.4 percent from year- end, and $153 or 6.3 percent above its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* INCHES DOWNWARD: The Aug. 18, 2017, North Europe base port average spot rate was $918 per TEU, $13 or 1.4 percent below the prior week, but up $147, more than 19.1 percent, year over year. The Aug. 18 level was down $250 or 21.4 percent from year-end 2016, and $314 or 25.5 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. SLIDES FOR THIRD WEEK: The Aug. 18, 2017, SCFI comprehensive reading was down 2.1 percent or 18.35 points from the prior week to 859.92 points. The index is 91.74 points or 9.6 percent below year-end 2016. SEPTEMBER 4.2017 *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