SUBSCRIBER NOTE: Platts to launch new weekly Panamax metallurgical coal freight assessment

Following a period of industry consultation and feedback, Platts confirms it will launch a new Panamax dry bulk freight assessment reflecting the trade route of metallurgical coal from West Coast Canada to East Coast India.

The new assessment will reflect spot fixture activity basis loading at West Coast Canada, as Indian steel mills increase their metallurgical coal requirements from the North Pacific region.

The assessment will be based on modern Panamax dry bulk tonnage reflecting the Vancouver, West Coast Canada, to Vizag, East Coast India, route for a Panamax vessel carrying a metallurgical coal cargo of 75,000 mt (plus/minus 10%). The assessment will be published on a dollar per metric ton basis.

Platts will launch the assessment on June 3, 2016. This assessment will be published in the Platts Dry Freight Wire.

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