Platts proposes to change Dirty PG-Red Sea 80kt Worldscale tanker freight assessment to lump sum basis

Platts, part of S&P Global Commodity Insights, proposes to change the dirty Aframax Persian Gulf to Red Sea 80kt Worldscale tanker freight assessment to a lump sum assessment effective April 1, 2024.

Platts understands that the freight rate on the Aframax Persian Gulf-Red route is predominantly concluded on a lump sum basis. Also, a review of fixtures concluded on this route over the last two years has shown that nearly all fixtures have been executed basis a lump sum rate.

The affected assessment is as follows:

Please submit any feedback, comments or questions to: shipping@spglobal.com and pricegroup@spglobal.com by March 1, 2024.

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.