SUBSCRIBER NOTE: Platts proposes new Americas clean tanker assessments

Platts proposes to launch two new clean tanker assessments from the US Gulf Coast to Northeast Asia, effective June 1, 2016.

The new assessments would reflect an established trade route for clean products and aromatics transported on Clean Petroleum Products (CPP) Medium Range and Long Range 1 tankers from the US Gulf Coast to North East Asia, based on a routing through the Panama Canal and discharge ports in Japan and South Korea.

The assessments would be published on a lump-sum basis and expressed as US dollars per voyage, to reflect how these routes are traded. Platts would also publish the equivalent US dollar per metric ton value for these assessments.

The following new assessments are under consideration:

US GULF COAST TO JAPAN/SOUTH KOREA MEDIUM RANGE: This assessment would reflect the US Gulf Coast to Japan/South Korea route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from US Gulf Coast ports such as Bayport, Houston, Port Arthur, Port of South Louisiana, Texas City, and the Galveston Lightering and Anchorage area, and discharge at Japanese ports, including Chiba, Mizushima, Negishi and Sodegaura, and South Korean ports, including Daesan, Inchon, Ulsan and Yeosu.

US GULF COAST TO JAPAN/SOUTH KOREA LONG RANGE 1: This assessment would reflect the US Gulf Coast to Japan/South Korea route for a clean LR1 tanker carrying a cargo of 55,000 mt. The assessment would reflect loadings from US Gulf Coast ports such as Bayport, Houston, Port Arthur, Port of South Louisiana, Texas City, and the Galveston Lightering and Anchorage area, and discharge at Japanese ports, including Chiba, Mizushima, Negishi and Sodegaura, and South Korean ports, including Daesan, Inchon, Ulsan and Yeosu.

Please send all comments or questions by April 4, 2016, to tankers@platts.com and pricegroup@platts.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.