30 Apr 2020 | 15:26 UTC — London

Platts to reflect new Panama Canal Surcharges in four LNG Freight voyages

S&P Global Platts will reflect the Panama Canal Authority's floating fresh water surcharge in four LNG freight assessments, effective May 18, 2020.

Platts will amend the methodology of the following four routes to reflect the surcharge implemented by the Panama Canal Authority in February 2020:

Voyage

Code

US Gulf to Japan/Korea via Panama Canal

LAUVI00

US Gulf to China/Taiwan via Panama Canal

LAUVL00

Trinidad to Japan/Korea via Panama Canal

AAUXB00

Trinidad to China/Taiwan via Panama Canal

AAUZB00

The additional transit fee is based on water level measurements of the tributary Gatun Lake by the PCA and reflects a 0-10% surcharge of the base toll of a transit through the canal. Platts will republish both the surcharges and the water levels for the following days, as taken from the PCA's web publishing app. In the absence of spot transit updates from the PCA, Platts will use the most recently published figures. These will be made available in the Platts Pricing database under the following codes.

LNG Panama Canal Water Level Day 3

APCWB00

LNG Panama Canal Water Level Day 4

APCWA00

LNG Panama Canal Water Level Day 41

APCWE00

LNG Panama Canal Water Level Day 42

APCWC00

LNG Panama Canal Water Level Day 50

APCWF00

LNG Panama Canal Water Level Day 51

APCWD00

LNG Panama Canal Surcharge Day 3

APCSB00

LNG Panama Canal Surcharge Day 4

APCSA00

LNG Panama Canal Surcharge Day 41

APCSE00

LNG Panama Canal Surcharge Day 42

APCSC00

LNG Panama Canal Surcharge Day 50

APCSF00

LNG Panama Canal Surcharge Day 51

APCSD00

These surcharges will be used to calculate a $/mmbtu total surcharge for the four affected LNG voyages, available in the Platts Pricing database under the following codes:

Description

Code

LNG Panama Canal Fee Surcharge Sabine Pass-Japan/Korea $/MMBtu

APCFA00

LNG Panama Canal Fee Surcharge Sabine Pass-China/Taiwan $/MMBtu

APCFC00

LNG Panama Canal Fee Surcharge Trinidad-Japan/Korea $/MMBtu

APCFB00

LNG Panama Canal Fee Surcharge Trinidad-China/Taiwan $/MMBtu

APCFD00

All water levels, surcharge percentages and surcharge fees will also be published daily on page SH0204 and LNG2605.

This Panama Canal Fresh Water Surcharge will be applied in addition to the existing Panama Canal Transit toll for the relevant voyages, currently estimated at $0.21/MMBtu It would not alter the other assumptions used to underpin LNG freight route costs.

Please send any comments and queries to lng@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 upon request