Platts changes several clean and dirty tanker Worldscale flat rate baskets globally

S&P Global Platts has changed the Worldscale flat rate baskets used in several of its clean and dirty tanker assessments globally, effective Jan. 3, 2022, to more accurately reflect current spot trade flows on these routes.

Platts first proposed these changes in a subscriber note published Aug. 11, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/081121-platts-proposes-to-change-several-clean-and-dirty-tanker-worldscale-flat-rate-baskets-globally

In markets where freight is traded on a Worldscale basis, Platts publishes freight assessments in points, which reflect a percentage of the prevailing Worldscale annual flat rates. Platts also publishes equivalent $/mt freight rates for these markets, based on a basket of Worldscale flat rates comprising several key routes between the two regions specified in the assessment.

The new Worldscale flat rate baskets for Platts' dirty and clean tanker assessments globally can be seen here: http://plts.co/fcN830s45Ih

These changes were based on a Platts analysis of trade flow data as well as market feedback on the key loading and discharge ports for spot flows on these routes.

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