Platts launches new Mediterranean Aframax dirty freight assessments

S&P Global Platts has launched two new Aframax assessments in the Mediterranean and changed the basket for the current cross-Mediterranean Aframax assessment in the West of Suez dirty tanker markets effective Feb. 1, 2021

Crude oil trading patterns in the Mediterranean basin have continued to evolve, with certain routes pricing at premiums or discounts to the current cross-Mediterranean assessment on Aframaxes.

Platts has observed an increasing number of fixtures for the following routes:

80,000-mt Sidi Kerir to Mediterranean

80,000-mt Libya to Mediterranean

Platts has begun to publish daily spot and monthly average assessments for these two routes in order to better capture the growing diversity and to better reflect the spot freight markets in the Mediterranean basin.

The 80,000-mt Sidi Kerir-to-Mediterranean assessment is based on the following freight basket: Sidi Kerir to Cartagena; Sidi Kerir to Trieste; Sidi Kerir to Livorno.

The 80,000-mt Libya-to-Mediterranean assessment is based on the following freight basket: Es Sider to Trieste; Bouri to Fos; Zueitina to Sarroch.

Platts has also changed the basket of the current 80,000-mt Aframax cross-Mediterranean assessment from the current basket: Sidi Kerir to Lavera; La Skhirra to Augusta; Ceyhan to Trieste.

The new freight basket for the cross-Mediterranean 80,000 mt assessment is: Ceyhan to Trieste; Ceyhan to Augusta; Ceyhan to Huelva

Platts has also amended the name of the demurrage assessment for the Med-Med run basis 80,000 mt (AMEDB00) to Ceyhan-Med, and amended this to reflect the Ceyhan-to-Mediterranean basket.

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