SUBSCRIBER NOTE: Platts launches Panamax implied freight rate

Following a period of industry consultation and feedback, S&P Global Platts has launched a new calculated dry bulk freight rate for the Newcastle, east coast Australia, to Kinuura, Japan, 75,000 mt (plus/minus 10%) route from June 1, 2018.

Platts has used its Hay Point, Australia, to Qingdao, China, Panamax Time Charter Equivalent (TCE) assessment (price database code: MRYFA00) to arrive at an implied Newcastle, east coast Australia, to Kinuura, Japan, 75,000 mt (plus/minus 10%) dollar per metric ton rate.

To derive the implied freight rate from the TCE assessment, Platts has included port charges, vessel speed and fuel consumption. After a robust survey of market participants, Platts has arrived at these values that reflect standard market practice. The bunkering port considered is Shanghai.

The assessment appears in Dry Freight Wire.

Please send any feedback 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 to the public upon request.