SUBSCRIBER NOTE: Platts changes cargo sizes on two grain freight assessments to China

S&P Global Platts has changed the cargo size on two dry bulk Panamax grain freight assessments, from New Orleans to Qingdao, North China and from New Orleans to Fangcheng, South China, from 60,000 mt to 66,000 mt, effective May 1, 2018.

Platts first proposed this change in a note published February 21, 2018, (https://www.platts.com/subscriber-notes-details/21377446).

Platts will normalize rates seen for any other cargo size on these routes to 66,000 mt basis. Platts understands that the larger size has become more common on US Gulf to China front-haul grains runs in order to optimize stem capacity on Panamax vessels.

The assessments appear in Dry Freight Wire under codes GRNOQ00 and GRNOF00 respectively.

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.