Platts amends dirty tanker flat rate for Hound Point-Rotterdam 80,000 mt route from June 1

Following a Worldscale Association update for the port of Hound Point, Platts, part of S&P Global Commodity Insights, has amended the $/mt flat rate of the Hound Point-Rotterdam 80,000-mt route incorporated in the Freight Adjustment Factor, effective June 1, 2023.

Please refer to the Worldscale website for more information on its update.

The FAF is calculated from the 10-day rolling freight average of the Dirty Cross-UK/Continent 80,000 mt freight assessment as published in Platts Dirty Tankerwire and in the Platts Pricing Database under code TDUUW00.

A factor of 80% will be applied for all BFOE cargoes for the following six freight routes from May 2:

Sullom-Voe to Rotterdam

Hound Point to Rotterdam

Sture to Rotterdam

Teesside to Rotterdam

Mongstad to Rotterdam

North Sea to Rotterdam [used for WTI Midland in Dated Brent]

Please send all comments or questions to europe_crude@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.