Platts changes Dirty PG-Red Sea 80kt Worldscale tanker freight assessment to lump sum April 1

Platts, part of S&P Global Commodity Insights, has changed the dirty Aframax Persian Gulf to Red Sea 80kt Worldscale tanker freight assessment to a lump sum assessment effective April 1.

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 lump-sum rate.

The subscriber notes proposing the said change was published on Feb. 1 and can be accessed with https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/020124-platts-proposes-to-change-dirty-pg-red-sea-80kt-worldscale-tanker-freight-assessment-to-lump-sum-basis.

The affected assessment is as follows:

This assessment appears in Platts Dirty Tankerwire; Platts Shipping Alert pages 430, 431, and Platts Tanker Alert pages 2970, 2971; as well as in the Platts price database under the code above.

Please submit 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.