SUBSCRIBER NOTE: Platts to amend methodology for clean tanker Baltic-UKC 30kt Worldscale and $/mt assessment

Following market feedback, S&P Global Platts proposes to clarify the methodology for the Baltic to UK Continent 30kt clean tanker Worldscale assessment and change the basis for the corresponding $/mt calculated assessment from a Worldscale flat rate basket to an outright Primorsk to Amsterdam flat rate, effective May 1, 2019.

The Baltic to UKC 30kt clean tanker Handysize Worldscale assessment, which appears under the code TCAFL00 would reflect the cost of transporting a 30,000 mt clean petroleum products cargo on a Handysize clean tanker vessel from loading port Primorsk, Russia, to discharge port of Amsterdam, Netherlands. Platts would still consider all other fixtures, bids and offers between the Baltic and UKC regions, but would normalize them to the assessed voyage.

The calculation basis for the corresponding $/mt assessment, which appears under the code TCAFK00, would change from the current average of the basket of flat rates (Primorsk-Brofjorden, Primorsk-Rotterdam and Klaipeda-Rotterdam) to an outright Primorsk-Amsterdam flat rate with laden and ballast routing via Great Belt.

Both assessments are published on the Clean Tankerwire and appear on the fixed page PGA - MH1910.

Please send all comments or questions by February 28, 2019, 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 to the public upon request.