Platts renames its Carbon accounted Base Rates June 16

Platts, part of S&P Global Commodity Insights, has changed the description of its 1,646 Carbon Accounted Base Rates calculated based on conventional marine fuel and 1,646 Carbon Accounted Base Rates calculated based on LNG fuel (both yearly and dynamic) by replacing "carbon accounted" with "carbon-inclusive," effective June 16, 2025.

This change aims to provide greater clarity and transparency regarding the descriptions of the assessments by reflecting the inclusion of carbon emissions costs in the Base Rate of each assessed route.

This change was announced on June 4 here.

The calculation methodology remains unchanged. The Carbon-Inclusive Base Rates continue to reflect a round voyage cost of transporting liquid cargo, including port costs, total hire, fuel consumption, and EUA charges, measured in USD per metric ton of cargo, for the assessed routes as stated in the corresponding subscriber notes:

Platts launches yearly, dynamic carbon-accounted base rates, EUA charges for assessed routes | S&P Global

Platts launches yearly, dynamic LNG carbon-accounted base rates and EUA charges for assessed routes | S&P Global

All Base Rates assessments appear in Platts Connect.

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