Platts proposes to launch two East Coast South America to US Gulf Coast, fronthaul, backhaul container freight assessments

Platts, part of S&P Global Commodity Insights, proposes to launch four new daily spot container freight rate assessments and four associated bunker excluded container rates from May 15, 2023, complementing existing box rate assessments and extending market coverage to the active and growing East Coast South America-to-US Gulf trade lane.

The new assessments would cover the following routes, and would be published under these codes:

The proposed assessments would reflect the transactable value at 13:30 Houston time, for transporting 40-feet equivalent, or FEU, containers on those routes, for loading five to 25 days forward from the date of publication. The assessments would be published in $/FEU, and would follow the Houston publishing schedule.

Platts assesses key shipping regions under broad geographic descriptions.

The relevant descriptions for the routes are:

East Coast South America: Atlantic Coast including Argentina

US Gulf Coast: Houston, Texas to Mobile, Alabama

These assessments will be published in Platts Dry Freight Wire; on Platts Shipping Alert pages SHP0510, SHP0512, SHP0520, SHP0511, SHP0521, PGB3960, PGB3961, PGT4000, PGT4004, PGT4001, and in the Platts pricing database under the symbol codes above.

Please send all feedback, comments or questions by April 14, 2023 to shipping@spglobal.com, containers@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.