SUBSCRIBER NOTE: Platts to add two Atlantic Supramax dry bulk TCEs

S&P Global Platts proposes to begin publishing two new daily Supramax dry bulk grains freight time charter equivalents effective July 1, 2019, reflecting the growing grains trade to Southeast Asia from the Black Sea and to China from South America.

The TCEs reflect market rates for two increasingly liquid trade routes as grains exports from the Black Sea and South America comprise a larger proportion of the Supramax dry freight sector. The new routes round out Platts' Supramax time charter equivalent coverage, and complement its existing suite of dry freight TCEs.

The TCE assessment reflects the $/day pricing derived from the respective voyage rates published on a $/mt basis in Dry Freight Wire.

The following new assessments are proposed:

Yuzhny, Ukraine to Cigading, Indonesia, 50,000 mt grains, vessel delivery Canakkale, Turkey

Santos, Brazil to Qingdao, China, 50,000 mt grains, vessel delivery Gibraltar

The assessments would be based on modern Supramax tonnage and would reflect the cost of transporting a 50,000 mt (plus/minus 10%) grains cargo on a 57,000 dwt Supramax dry bulk vessel from delivery port to loading port and then to discharge port and will be published on a $/day basis.

Please send all comments or questions by June 7 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.