SUBSCRIBER NOTE: Platts launches two new American clean tanker assessments

Platts has launched two new clean tanker assessments from the US Gulf Coast to Northeast Asia, starting June 1, 2016.

The new assessments reflect an established trade route for clean products and aromatics transported on Clean Petroleum Products (CPP) Medium Range and Long Range 1 tankers from the US Gulf Coast to North East Asia, based on a routing through the Panama Canal and discharge ports in Japan and South Korea.

The assessments are published on a lumpsum basis and expressed as US dollars per voyage, to reflect how these routes are traded. Platts also publishes the equivalent US dollar per metric ton value for these assessments. The new assessments include the following:

US GULF COAST TO JAPAN/SOUTH KOREA MEDIUM RANGE: This assessment reflects the US Gulf Coast to Japan/South Korea route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment reflects loadings from the US Gulf Coast, such as Bayport, Houston, Port Arthur, Port of South Louisiana, Texas City, and the Galveston Lightering and Anchorage area, and discharge at Japanese ports, including Chiba, Mizushima, Negishi, and Sodegaura, and South Korean ports, including Daesan, Inchon, Ulsan, and Yeosu. The assessment is published in the Americas MRs Lumpsum table in the Clean Tankerwire and on PGT page 1912 (daily assessments) and PGT 1913 (monthly averages).

US GULF COAST TO JAPAN/SOUTH KOREA LONG RANGE 1: This assessment reflects the US Gulf Coast to Japan/South Korea route for a clean LR1 tanker carrying a cargo of 55,000 mt. The assessment reflects loadings from the US Gulf Coast, such as Bayport, Houston, Port Arthur, Port of South Louisiana, Texas City, and the Galveston Lightering and Anchorage area, and discharge at Japanese ports, including Chiba, Mizushima, Negishi, and Sodegaura, and South Korean ports, including Daesan, Inchon, Ulsan, and Yeosu. The assessment is published in the Americas LRs Lumpsum table in the Clean Tankerwire and on PGT page 1924 (daily assessments) and on PGT page 1925 (monthly averages).

Symbols are as follows: Clean Freight USGC-NEAsia MR Lumpsum: TCMNA00 Clean Freight USGC-NEAsia MR Lumpsum MAVG: TCMNA03 Clean Freight USGC-NEAsia MR Lumpsum cargo size: TCMNASZ Clean Freight USGC-NEAsia MR $/mt:TCMNC00 Clean Freight USGC-NEAsia MR $/mt MAVG: TCMNC03 Clean Freight USGC-NEAsia LR1 Lumpsum: TCLNA00 Clean Freight USGC-NEAsia LR1 Lumpsum MAVG: TCLNB03 Clean Freight USGC-NEAsia LR1 Lumpsum cargo size: TCLNASZ Clean Freight USGC-NEAsia LR1 $/mt: TCLNB00 Clean Freight USGC-NEAsia LR1 $/mt MAVG: TCLNB03

Please send all further comments or questions to tankers@spglobal.com and pricegroup@spglobal.com.

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