Platts launches weighted average Atlantic Supramax dry bulk TCE indexes

Platts, part of S&P Global Commodity Insights, has launched new daily weighted average Supramax time charter equivalent indexes reflecting Atlantic trade, effective June 1.

Platts first proposed the assessments in a subscriber note published April 27 and available here: Platts to launch weighted average Atlantic Supramax dry bulk TCE indexes from June 1 | S&P Global Commodity Insights (spglobal.com)

The indexes are called ASI 6 and ASI 6S.

The ASI 6 index is a demand-weighted average of six key TCE assessments basis 0.5% sulfur bunker fuel, while ASI 6S is an average of the same TCE assessments basis scrubber-fitted ships.

The indexes reflect a part of the global dry bulk market that is otherwise not reflected in existing price benchmarks.

Supramax vessels in the Atlantic Ocean typically remain within the region and the associated flows depend significantly on triangulation, which helps to minimize ballast time as well as boost tonnage utilization and earnings.

The indexes reflect the vessel flow that includes the movement of commodities such as grains, scrap and petcoke.

The ASI 6 index assessments for the 57,000 dwt Supramax class vessel are derived by applying an allocated weighting to the daily Supramax TCE assessments of six key voyages published at 4:30 pm London time.

The index assessments follow the Platts London publishing schedule.

The weightings for the individual TCE assessments are:

Basis bunker fuel 0.5%

Route Voyage

Weighting (%)

PSTCE12L DOP SWP, New Orleans, Louisiana to Kashima, Japan 22%

PSTCE17L DOP SWP, Houston, Texas to Krishnapatnam, India 17%

PSTCE11L DOP SWP, New Orleans, Louisiana to Iskenderun, Turkey 5%

PSTCE291L DOP Gibraltar, Santos, Brazil to Qingdao, China 33%

PSTCE32L DOP Recalada San Lorenzo, Argentina to Bejaia, Algeria 20%

PSTCE16L DOP Rotterdam, Netherlands to Aliaga, Turkey 3%

Basis scrubber fitted

Route Voyage

Weighting (%)

PSTCE12 DOP SWP, New Orleans, Louisiana to Kashima, Japan 22%

PSTCE17 DOP SWP, Houston, Texas to Krishnapatnam, India 17%

PSTCE11 DOP SWP, New Orleans, Louisiana to Iskenderun, Turkey 5%

PSTCE291 DOP Gibraltar, Santos, Brazil to Qingdao, China 33%

PSTCE32 DOP Recalada San Lorenzo, Argentina to Bejaia, Algeria 20%

PSTCE16 DOP Rotterdam, Netherlands to Aliaga, Turkey 3%

The assessments appear in Dry Freight Wire, Platts Shipping Alert pages MH3976, SH2614, MH3970, SH0612, SH2615, MH3977, MH3971 and SH0613, and in the Platts price database under the codes above.

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