Issue link: https://jocdigital.uberflip.com/i/871052
42 THE JOURNAL OF COMMERCE www.joc.com JOC By the Numbers 300 600 900 1,200 1,500 1,800 9/1/2017 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 9/1/2017 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 9/1/2017 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 9/1/2017 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 9/1/2017 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 BELOW $800 FOR FIRST TIME IN 2017: The Sept. 1, 2017, Mediterranean base port average spot rate was $791 per TEU, down $31, or 3.8 percent from the previous week. The rate is up $272 year over year, or 52.4 percent, and down $295 or 27.2 percent from year-end 2016. The September 1 level tumbled $488 or 38.2 percent below its Oct. 16, 2009, base rate of $1,279 per TEU. Comprehensive SCFI* INDEX UP JUST 5.1 PERCENT YEAR OVER YEAR: The Sept. 1, 2017, SCFI comprehensive reading was 801.95 points, 2.4 percent or 19.4 points below the previous week as the rate rose 5.1 percent year over year. This index was 198.05 points or 19.8 percent below the Oct. 16, 2009, base of 1,000 points. To US WEST COAST base ports* SLIPS FOR SECOND WEEK: The Sept. 1, 2017, US West Coast base port average spot rate was $1,495 per FEU, $46 or 3 percent below the previous week, and down 14.4 percent or $251 year over year, while $428 or 22.3 percent below year-end 2016. This September 1 index was $64 or 4.5 percent above its Oct. 16, 2009, base rate of $1,431 per FEU. To US EAST COAST base ports* DROPS FOR FIFTH WEEK: The Sept. 1, 2017, East Coast base port average spot rate was $2,280 per FEU, $139 or 5.7 percent below the previous week, and a year-over-year drop of $161 or 6.6 percent. The Sept. 1 index is down $820 per FEU or 26.5 percent from year-end, and $159 or 6.5 percent below its Oct. 16, 2009, base rate of $2,439 per FEU. To NORTH EUROPE base ports* LOSES GROUND AGAIN: The Sept. 1, 2017, North Europe base port average s pot rate was $886 per TEU, $37 or 4 percent below the prior week, and down $63, or 6.6 percent, year over year. The Sept.1 level was down $282 or 24.1 percent from year-end 2016, and $346 or 28.1 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. SLIDES FOR FIVE WEEKS: The Sept. 1, 2017, SCFI comprehensive reading was down 2.4 percent or 19.4 points from the prior week to 801.95 points. The index is 149.71 points or 15.7 percent below year-end 2016. SEPTEMBER 18.2017 *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