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Crude Oil, Maritime & Shipping, Wet Freight
May 20, 2025
Following the recent Worldscale Association update to port fees for Saudi Arabia's Ras Tanura port, Platts, part of S&P Global Commodity Insights, will amend the Worldscale flat rate baskets used in $/mt calculations for 20 Ras Tanura-related dirty tanker assessments and 9 clean tanker assessments, effective July 1, 2025, details of which are as follows:
Dirty Tanker
Dirty Tanker Assessment Name | Daily Code | Mavg Code | Original Basket Flat Rate($/mt) | Updated Basket Rate ($/mt) |
Persian Gulf-E Asia 130kt | PFAGK10 | PFAGK03 | 23.38 | 23.44 |
Persian Gulf-E Asia 270kt | PFAOC00 | PFAPB03 | 23.13 | 23.18 |
Persian Gulf-E Asia 80kt | PFAJD10 | PFAJD03 | 20.42 | 20.48 |
Persian Gulf-Japan 270kt | AASEY00 | AASEY03 | 23.93 | 23.99 |
Persian Gulf-Med 140kt | PFAGM10 | PFAGM03 | 19.83 | 19.88 |
Persian Gulf-Med 280kt | PFANX00 | PFAPA03 | 19.81 | 19.87 |
Persian Gulf-UKC 140kt | PFAGN10 | PFAGN03 | 27.25 | 27.30 |
Persian Gulf-UKC 280kt | PFAOH00 | PFAPG03 | 27.23 | 27.28 |
Persian Gulf-Red Sea 270kt | PFAOE00 | PFAPD03 | 12.40 | 12.45 |
Persian Gulf-Spore 270kt | PFAOD00 | PFAPC03 | 14.71 | 14.76 |
Persian Gulf-South Korea 270kt | AASFA00 | AASFA03 | 22.63 | 22.68 |
Persian Gulf-USGC 140kt | PFAGL10 | PFAGL03 | 43.63 | 43.68 |
Persian Gulf-USGC 280kt | PFAOG00 | PFAPF03 | 43.63 | 43.68 |
Persian Gulf-USWC 280kt | PFBAC00 | PFBAC03 | 39.79 | 39.85 |
Persian Gulf-China 270Kt | AASLB00 | AASLB03 | 22.12 | 22.18 |
Persian Gulf-WC India 265kt | TDAFD00 | TDAFD03 | 7.54 | 7.59 |
Persian Gulf-Med 140kt WSC Yr (Cape of Good Hope Routing) | PGMDB00 | PGMDB03 | 42.50 | 42.55 |
Persian Gulf-Med 280kt WSC Yr (Cape of Good Hope Routing) | PGUMD00 | PGUMD03 | 42.48 | 42.53 |
Persian Gulf-UKC 140kt WSC Yr (Cape of Good Hope Routing) | PGUCT00 | PGUCT03 | 42.54 | 42.59 |
Persian Gulf-UKC 280kt WSC Yr (Cape of Good Hope Routing) | PGUKC00 | PGUKC03 | 42.52 | 42.57 |
Clean Tanker
Clean Tanker Assessment Name | Daily Code | Mavg Code | Original Basket Flat Rate($/mt) | Updated Basket Rate ($/mt) |
AG-Japan 55kt | PFAEY10 | PFAEY03 | 23.74 | 23.80 |
AG-Singapore 55kt | PFAFB10 | PFAFB03 | 14.21 | 14.26 |
AG-South Korea 55kt | PFAKN10 | AAAUJ00 | 22.41 | 22.47 |
AG-Singapore/Indonesia 80kt | TCAEA00 | TCAEA03 | 14.21 | 14.26 |
AG-Japan 75kt | PFAMT00 | PFAQB03 | 23.74 | 23.80 |
AG-South Korea 75kt | PFAMU00 | PFAQC03 | 22.41 | 22.47 |
AG-Japan 35kt | PFABN10 | PFABN03 | 23.74 | 23.80 |
AG-Singapore 35kt | PFABQ00 | AAAUH00 | 14.21 | 14.26 |
AG-South Korea 35kt | PFAKP10 | PFAQT03 | 22.41 | 22.47 |
Meanwhile, the Platts Dirty Tanker VLCC TCE flat rates will also be updated as necessary to reflect this amendment.
Please refer to the Worldscale website for more information.
These assessments appear in the Dirty Tankerwire, Clean Tankerwire, Dirty Tankerwire Monthly Clean Tankerwire Monthly and also in pages PGT2920, PGT2922, SHP0320, SHP0330, PGT2921, PG2923, SHP0321, SHP0331, Platts Shipping Alert pages 431, 440, 441, 430, 499, 484, 480 and Platts Tanker Alert pages 2971, 2980, 2981, 2998, 2994, 2999; PGA 2999, PGA 0917, MH 2970, as well as in the Platts price database under the codes above.
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.