SUBSCRIBER NOTE: Platts to publish Capesize Hay Point-Rotterdam backhaul TCE assessment May 2

S&P Global Platts will begin a daily Time Charter Equivalent, or TCE assessment for Capesize vessels on the Hay Point, northeast Australia to Rotterdam, the Netherlands, backhaul route to offer a complete basket of TCE prices for this ship segment, effective May 2, 2019.

The TCE assessment will reflect the $/day pricing derived from the respective Hay Point/Rotterdam voyage rate published on a $/mt basis in Dry Freight Wire.

The TCE will be calculated using Singapore delivered IFO 380 CST and marine gasoil 1.5% fuel prices assessed by Platts.

The port charges, vessel speed and consumption used in the TCE calculations are arrived at by extensive market survey and will reflect market practice.

All assessments will be basis loading and discharge on Sundays and holidays included per weather working day at both ends, sea margin of 5% and total commission at 5%.

The following TCE assessments, including vessel descriptions and routes, are proposed:

CAPESIZE 181,000 dwt

PCTCE19 Hay Point, northeast Australia/Rotterdam, Netherlands 160,000 mt (plus/minus 10%)

Terms based on:

Route Load/Discharge Turn-time at Vessel Delivery Bunkering Port rates Load/Discharge Port

PCTCE19 50,000/25,000 mt 12/12 hours China-Japan range Singapore

Please send all 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.