Platts seeks feedback on its 100 kt Baltic-UKC dirty tanker freight assessment

Platts, part of S&P Global Commodity Insights, is seeking feedback on assessment methodology for its 100 kt Baltic-UK Continent dirty tanker freight assessment.

Platts has observed increased complexity on that trade route in recent months following the EU sanctions imposed on Russian crude Dec. 5.

In a subscriber note published Dec. 1, Platts specified a change in its methodology for its 100 kt Baltic-UKC dirty tanker freight assessment. The rate is currently assessed using a fixed differential to its 80 kt UKC-UKC dirty tanker assessment, after the underlying flow of Russian crude and fuel oil into Europe ceased due to sanctions: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/120122-platts-changes-flat-rate-basket-for-140-kt-black-sea-med-100-kt-baltic-med-tanker-assessments-to-calculate-100-kt-baltic-

However, given limited spot market activity Platts is now seeking to understand whether the assessment should instead be assessed using a premium to its 100kt Baltic-Med dirty tanker freight assessment.

Platts invites questions, comments, and feedback by April 14, 2023. Please send all comments 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 upon request.