Subscriber note: Platts to launch Panamax implied freight rate

Following a period of industry consultation and feedback, S&P Global Platts confirms it will launch a new calculated freight rate for the route from Newcastle, east coast Australia, to Kinuura, Japan, for 75,000 mt (plus/minus 10%), effective June 1, 2018.

Platts will use its Hay Point, Australia, to Qingdao, China, Panamax Time Charter Equivalent assessment (price database code: MRYFA00) to arrive at an implied Newcastle-to-Kinuura, 75,000 mt (plus/minus 10%) dollar per metric ton rate.

To derive the implied freight rate from the TCE assessment, Platts will also include port charges, vessel speed and fuel consumption.

Platts has surveyed market participants to arrive at values for these that reflect standard market practice.

The bunkering port considered will be Shanghai.

The assessment will appear in Dry Freight Wire.

Please send any feedback 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 those not marked as confidential available to the public upon request.