Platts launches two-stroke global LNG freight route cost assessments and parallel carbon-inclusive rates March 3

Platts, part of S&P Global Commodity Insights, has launched global LNG freight route costs for two-stroke carriers and parallel carbon-inclusive assessments, effective March 3.

This launch note follows a decision note(opens in a new tab) published on Feb. 3, and a proposal note (opens in a new tab)first published on Jan. 20.

Platts publishes daily spot charter rates for Tri-Fuel Diesel Electric (TFDE) and two-stroke (MEGI or X-DF) LNG carrier assessments under the benchmark name Atlantic LNG Day Rates (ATDR) and Asia Pacific LNG Day Rates (APDR).

Previously, Platts published global LNG freight route cost assessments ($/MMBtu) solely for TFDE carriers. Platts understands that two-stroke (MEGI or X-DF) carriers account for a significant portion of trading.

Hence, Platts has also started publishing two-stroke carrier freight route cost assessments ($/MMBtu) for all currently assessed global LNG freight routes.

Furthermore, the phased-in inclusion of shipping in the EU Emissions Trading System (EU ETS) has increased the costs associated with visiting ports within the European Union and Platts understands that a significant portion of trading activity in the LNG freight markets is being conducted as carbon-inclusive.

To provide transparency, Platts has started publishing separate carbon emission charge assessments ($/MMBtu) and parallel carbon-inclusive freight route costs for both TFDE and two-stroke carriers for all currently assessed global LNG freight route costs that are within scope of the EU ETS, effective March 3.

The existing TFDE global freight route cost assessments will remain carbon exclusive under the existing symbols.

The Platts Global LNG EU ETS Freight Costs - TFDE Daily Assessments appear in the LNG Daily publication and on the fixed page SHP1266. The Platts Global LNG Freight Costs - Two Stroke Daily Assessments appear in the LNG Daily publication and on the fixed page SHP1268.

The Atlantic Basin assessments follow the London calendar, and the Pacific Basin assessments follow the Singapore assessments.

Please send any feedback, comments, or questions 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.