SUBSCRIBER NOTE: Platts proposes to change Capesize dry bulk cargo size

Platts proposes to change the cargo sizes assessed for Capesize dry freight rates on the following routes effective March 10, 2015:

1. Port Hedland, Northwest Australia tom Qingdao, North China from 160,000 mt to 170,000 mt (Platts code: IOFAC00, Page Number: PMA1106) 2. Saldanha Bay, South Africa to Qingdao, North China from 160,000 mt to 170,000 mt (Platts code: IOFSA00, Page Number: PMA1106) 3. Hampton Roads, US East Coast to Qingdao, North China from 160,000 mt to 140,000 mt (Platts code: CIVAC00, Page Number: GCA952)

The proposed changes are a result of industry feedback and in response to market changes where charterers are moving cargoes loaded out of Port Hedland and Saldanha Bay basis 170,000 mt (plus/minus 10%), while Hampton Roads loading is basis 140,000 mt (plus/minus 10%) due to the maximum available draft of 16 meters. Platts would normalize any other cargo size on these routes to 170,000 mt and 140,000 mt basis.

Please send all comments or questions to shipping&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.