SUBSCRIBER NOTE: Platts increases freight flat rate for routes including New Mangalore

SUBSCRIBER NOTE: Platts increases freight flat rate for routes including New Mangalore S&P Global Platts has decided that following an increase in Port Tariffs at New Mangalore revised by the Worldscale Association that Platts will now reflect these changes in its assessments effective June 1, 2016.

In a subscriber note published Wednesday, May 11, 2016, Platts initially proposed an implementation date of Friday, May 13, 2016, for these changes, but has since determined that a longer notice period is practical.

According to Worldscale circular no. 12/2016, the amendment is effective for all voyages on which loading is commenced on or after May 13, 2016.

This will affect the $/mt rates of East of Suez clean tanker assessments namely AG-India 55000 mt, Red Sea-India 35,000 mt, AG-India 35,000 mt, India-S Korea 35,000 mt, India-Japan 35,000 mt and India-Singapore 35,000 mt.

The rates appear in the Platts database under the corresponding codes TCAAG00, TCABI00, TCAAF00, TCAEG00, TCAEE00 and TCAEC00 respectively.

These assessments appear in Platts Clean Tankerwire and in Platts Global Alert pages 2922 and 2920 respectively.

The updated flat rates for the following assessments are: 55,000 mt AG-India: $6.41/mt 35,000 mt Red Sea-India: $8.49/mt 35,000 mt AG-India: $6.41/mt 35,000 mt India-S Korea: $14.06/mt 35,000 mt India-Japan: $15.42/mt 35,000 mt India-Singapore: $7.56/mt

Any further feedback or questions should be directed 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.