SUBSCRIBER NOTE: Platts launches Capesize Hay Point-Rotterdam backhaul TCE assessment

S&P Global Platts has launched a daily Time Charter Equivalent (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 reflects the $/day pricing derived from the respective Hay Point/Rotterdam voyage rate published on a $/mt basis in Dry Freight Wire.

The TCE is 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 reflect market practice.

All assessments are 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 TCE assessment, including vessel descriptions and routes, is:

CAPESIZE 181,000 dwt

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

Terms are: Route Load/Discharge Turn-time at Vessel Bunkering Rates Load/Discharge Delivery Port PCTCE19 50,000/25,000mt 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.