Subscriber Note: Platts amends Worldscale rates for assessments including port of Skikda

Effective June 1, 2020, S&P Global Platts will amend the Worldscale rate for all assessments in both Dirty Tankerwire and Clean Tankerwire using the port of Skikda, Algeria, for loading and discharge.

The amendment involves an added value of +$0.87/mt to all flat rates involving Skikda loading and discharge.

The change comes on the back of a new towage tariff structure introduced at the port, increasing towage costs by a significant amount for both loading and discharge, according to the Worldscale Association.

The following rates in the Dirty Tankerwire will see a change as a result of the amendment:

Med-USGC 260kt

Med-UKC 260kt

Med-USAC 260kt

Med-UKC 135kt

Med-USAC 135kt

Med-USGC 135kt

Med-UKC 80kt

Med-USAC 80kt

Med-USGC 80kt

The following rates in the Clean Tankerwire will see a change as a result of the amendment:

Med-Latin America 55kt

Med-WAF 37kt

Med-Med 30kt

Med-UKC 30kt

Med-UKC Naphtha 30kt

Med-Med Naphtha 30kt

Med-Med 27.5k

Med-UKC 27.5k

S&P Global Platts will also amend the Skikda-Augusta Worldscale flat rate referenced in the Crude Oil Methodology guide.

Platts reflects 0.1%S CIF Mediterranean Gasoil (Code: AAVJJ00) bids and offers basis Skikda in its Market on Close assessment process and normalizes those indications back to the reference port of Genoa.

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 upon request.