SUBSCRIBER NOTE: Platts launches Ultramax dry bulk TCE assessments

Following a period of industry consultation and feedback, S&P Global Platts on January 2, 2018 has launched daily Time Charter Equivalent, or TCE, assessments for Ultramax dry bulk vessels reflecting the market's growing interest in these prices.

Platts first proposed this new launch in a subscriber note published October 13 (https://platts.com/subscriber-notes-details/27879053).

The TCE assessments reflect the $/day pricing derived from the respective voyage rates published on a $/mt basis in Dry Freight Wire.

The TCEs are calculated using bunker prices published by Platts.

The port charges, vessel speed and consumption used in the TCE calculation are arrived at by extensive market survey and reflect market practice.

All assessments are basis loading and discharge on Sundays and holidays included per weather working day at both ends; sea margin of 5% and total commission at 5%.

The following are the new assessments:

ULTRAMAX 63,000 dwt

1.PUTCE01 South Kalimantan, Indonesia/Paradip, India 55,000 mt (plus/minus 10%) 2.PUTCE02 South Kalimantan, Indonesia/Navlakhi, India 55,000 mt (plus/minus 10%) 3.PUTCE03 Richards Bay, South Africa/Paradip, India 55,000 mt (plus/minus 10%) 4.PUTCE04 Richards Bay, South Africa/Kandla , India 55,000 mt (plus/minus 10%)

Terms based on: Route Load/Discharge Turn-time at Vessel Delivery Bunkering Port rates Load/Discharge Port PUTCE01 8,000/12,000 mt 12/12 hours Singapore Singapore PUTCE02 8,000/12,000 mt 12/12 hours Singapore Singapore PUTCE03 Scale/12,000 mt 18/12 hours east coast India Durban PUTCE04 Scale/12,000 mt 18/12 hours east coast India Durban

Any further feedback or questions should be directed to shipping@spglobal.com and pricegroup@spglobal.com.

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