SUBSCRIBER NOTE: Platts changes description of two container freight assessments

Following industry feedback and in response to market changes, S&P Global Platts has amended the description of two container freight assessments, effective May 1, 2018.

Platts first proposed these changes in a note published March 23 (https://www.platts.com/subscriber-notes-details/27938132).

The affected descriptions are: Route From To Symbol PCR9 UK Continent East Coast North America PCR0900 PCR10 East Coast North America UK Continent PCR1000

These assessments are published in Platts Dry Freight Wire, Platts Global Alert service on fixed page PGA 3950 and in the Platts database under the symbols listed above.

Platts understands that these routes are typically priced based on the trade demand to and from the North Continent region.

The container rates for the UK load or discharge are then based off the North Continent rates and fluctuate dependent on UK market dynamics.

Therefore Platts has removed the UK element from its assessment of PBR9 and PBR10 to focus on North Continent only.

This is reflected in the revised assessments as follows: PCR9 will be changed from "UK Continent to East Coast North America" to "North Continent to East Coast North America" and PCR10 from "East Coast North America to UK Continent" to "East Coast North America to North Continent".

The price assessment process, codes and publication schedule remain the same. Please send any further comments or questions to shipping@platts.com and pricegroup@platts.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.