SUBSCRIBER NOTE: Platts proposes to launch new Brazil/Uruguay loading VLCC assessment

In response to changing trade flows, S&P Global Platts proposes to launch a new dirty tanker assessment reflecting the Brazil/Uruguay to China route, effective July 2, 2018.

The new assessment would reflect the rising volume of crude exports from Brazil to China, where they make up an ever-increasing share of total imports.

The assessment would reflect the Brazil/Uruguay to China route for a Very Large Crude Carrier carrying a cargo of 260,000 mt. The assessment would reflect loadings from Brazil for Angra dos Reis and for discharge at Dalian, Rizhao and Ningbo in China. Additionally, loadings from Uruguay off Delta Zone and discharge at Rizhao, Qingdao and Ningbo in China would be reflected in the assessment.

The new assessment would be published on a Worldscale basis and would be expressed as Worldscale points. Platts would also publish the equivalent US dollar per metric ton value for this assessment.

Please send all comments or questions by June 4, 2018, 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.