SUBSCRIBER NOTE: Platts to discontinue UK Cont/Med container assessments

Following industry feedback, S&P Global Platts will discontinue its UK Continent/Mediterranean container freight assessments, effective May 1, 2018.

Platts first proposed these discontinuations in a note published March 22 (https://www.platts.com/subscriber-notes-details/27938137).

Platts understands that these container routes lack spot rate volatility and are not considered key for most container market participants.

The affected assessments are: Route From To Symbol PBR7 UK Continent to Mediterranean PBR0700 PBR8 Mediterranean to UK Continent PBR0800

These assessments are published in Platts Dry Freight Wire, Platts Global Alert service on fixed page PGA 3950 and in the Platts database under the symbols listed above.

Following the discontinuation, the Platts Container Index from May 1, 2018 will no longer include PBR7 or PBR8 and will be based upon a weighted average of the remaining 12 spot container routes that Platts assesses.

The percentages for the Platts Container Index have been derived from Platts cFlow analysis, based on AIS data tracking ship movements between regions. The percentages in the weighted average undergo regular revisions.

Please send any further 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 upon request.