Platts amends specifications for all Platts Bunker Charge assessments from Jan 2, 2024

Platts, part of S&P Global Commodity Insights, has amended all value inputs and assumptions that determine Platts Bunker Charges in container markets, to reflect more recent indicators of container vessel operations through the trade lanes assessed, from Jan. 2, 2024.

Due to the evolving nature of the container freight market both operationally and demographically, Platts has undergone an extensive analysis into shipping patterns for key trade lanes that pertain to Platts Bunker Charges.

This includes amendments of the following variables: vessel speeds, head haul and back haul distances, Emissions Control Area (ECA) and non-ECA zone distances, vessel sizes, head haul and back haul volume allocation, and head haul and back haul bunker consumption.

New data for variables has been compiled through a wider compilation of AIS data and vessel specification data from accredited data provider S&P Global Commodities at Sea.

The new data for the Platts Bunker Charge calculations can be found here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/downloads/platts-pbc-specification-amendment-2024.xlsx

Platts first proposed this change on Nov 1, 2023: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/110123-platts-proposes-to-amend-specifications-for-all-platts-bunker-charge-assessments-from-january-1-2024

Please send any feedback, comments, or questions to shipping@spglobal.com and pricegroup@spglobal.com.

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