Platts to launch six new container bunker cost assessments

S&P Global Platts will begin publishing six new daily container bunker charge assessments, complementing existing container assessments, on Feb. 1, 2020.

The new bunker charge assessments will cover the following routes and be published under the below codes:

Head-haul

Back-haul

The bunker charge assessments will reflect the bunker costs for transporting a 40-foot container on the above routes and will be expressed in $/FEU.

The assessments will be calculated using $/mt bunker prices in representative ports, published by Platts.

VLSFO PBC27 and PBC28 – Tokyo, South Korea, Shanghai, Zhoushan, Singapore.

VLSFO PBC29 and PBC30 -- South Korea, Shanghai, Zhoushan, Hong Kong, Los Angeles, El Callo, Valparaiso.

VLSFO PBC31 and PBC32 -- South Korea, Shanghai, Zhoushan, Hong Kong, Singapore, Santos, Montevideo, Buenos Aires.

The bunker charge round voyage weighting allocation, vessel speed and consumption used in the bunker charge calculations are arrived at through market survey and reflect market practice.

All assessments will reflect the use of 0.5% marine fuel and will include a sea margin of 5%.

The voyage durations are arrived at through market survey and the vessel will proceed on a round-voyage basis to ports in geographical rotation within the below ranges.

PBC27 and PBC28 -- North Asia – Australasia range

PBC29 and PBC30 -- North Asia – West Coast South America range

PBC31 and PBC32 -- North Asia – East Coast South America range

The above variables used in calculating bunker charge assessments will be regularly updated to reflect market practice and new regulations.

Prices will be published in Platts Dry Freight Wire, Platts Global Alert service and on the Platts Platform on fixed page PGA 3950, and in the Platts pricing database.

Please send any comments or questions to shipping@spglobal.com, containers@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.