SUBSCRIBER NOTE: Platts proposes new Singapore-Australia 35,000 mt clean tanker assessment

S&P Global Platts proposes to launch a new Singapore to Australia Clean Medium Range tanker assessment, effective April 2, 2018.

Platts has observed the Singapore to Australia MR clean tanker route being predominantly fixed basis a cargo size of 35,000 mt.

The upgrade of ports and terminals in Australia -- ongoing as well as completed -- has enabled vessels to discharge larger cargo volumes, with most MRs currently moving 35,000 mt parcels from Singapore to Australia.

Over 90% of the Singapore-Australia MR fixtures tracked over the last year have been concluded basis 35,000 mt, according to fixture data tracked by Platts.

Separately, Platts proposes to discontinue the current Singapore-Australia 30,000 mt assessment from January 2, 2019.

Please send any feedback or questions by February 28, 2018 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.