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02 Jan 2018 | 06:53 UTC — Singapore
Following a period of industry consultation and feedback, S&P Global Platts has changed the cargo sizes of some Asia Pacific Supramax thermal coal freight assessments, effective January 2, 2018.
The coal suppliers from Indonesia and South Africa are offering thermal coal cargoes in parcels of 55,000 mt (plus/minus 10%) for India bound voyages and the liquidity for this stem size has grown with charterers preferring to move larger parcels to maximize freight returns.
Platts first proposed this amendment in a subscriber note published November 14 (https://platts.com/subscriber-notes-details/27888819).
The affected routes are:
- PS20 Richards Bay, South Africa Navlakhi, West coast India CIIEN00 - PS4 Richards Bay, South Africa Mundra, West coast India CIRBW00 - PS4w Differential from basis Mundra to Dahej, West coast India CISAI00 - PS4s Differential from basis Mundra to New Mangalore, West coast India CISKO00 - PS4n Differential from basis Mundra to Kandla, West coast India CIKWI00 - PS21 Richards Bay, South Africa Paradip, East coast India CIIEM00 - PS5 Richards Bay, South Africa Krishnapatnam, East coast India CIKEI00 - PS5e Differential from basis Krishnapatnam to Paradip, East coast India CIRBP00 - PS5s Differential from basis Krishnapatnam to Ennore, East coast India CIRBE00 - PS5n Differential from basis Krishnapatnam to Vizag, East coast India CISAV00 - PS22 South Kalimantan, Indonesia Paradip, East coast India CIIEJ00 - PS7 South Kalimantan, Indonesia Krishnapatnam, East coast India CISKK00 - PS7e Differential from basis Krishnapatnam to Paradip, East coast India CISKP00 - PS7s Differential from basis Krishnapatnam to Ennore, East coast India CISKE00 - PS7n Differential from basis Krishnapatnam to Vizag, East coast India CISKV00 - PS23 South Kalimantan, Indonesia Navlakhi, West coast India CIIEK00 - PS6 South Kalimantan, Indonesia Mundra, West coast India CISKM00 - PS6w Differential from basis Mundra to Dahej, West coast India CISKD00 - PS6s Differential from basis Mundra to New Mangalore, West coast India CISKN00 - PS6n Differential from basis Mundra to Kandla, West coast India CISKI00 - PS23e Differential from basis South Kalimantan to East Kalimantan CIIEL00
Any further feedback or questions should be directed to shipping@spglobal.com and pricegroup@spglobal.com.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.
Platts will consider all comments received and will make comments not marked as confidential available upon request.