Platts to change Dirty PG-Red Sea 80kt Worldscale tanker freight assessment to lumpsum basis April 1, 2024

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

Platts understands that the freight rate on the Aframax Persian Gulf-Red Sea route is predominantly concluded on a lumpsum 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 lumpsum rate.

The affected assessment is as follows:

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

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