SUBSCRIBER NOTE CORRECTION: Platts proposes to change basket of flat rates on some European Suezmax/Aframax routes

London (Platts)--25Jun2018/1227 pm EDT/1627 GMT (Corrects the basket averages for 140 kt Black Sea-Med, 135 kt Black Sea-Med and 80 kt Black Sea-Med routes)

In response to changing trade flows, S&P Global Platts proposes to update the basket of flat rates used to calculate $/mt prices on a number of Suezmax and Aframax routes West of Suez effective September 1, 2018.

Platts proposes to amend the Worldscale basket for the dirty tanker route:

135 kt Black Sea-Med, appearing under codes TDADQ00 (for Worldscale) and TDADL00 ($/mt)

The new basket will consist of the following rates: Novorossisk-Augusta Novorossisk-Lavera Novorossisk-Trieste

Average of the three flat rates: $7.95/mt

140 kt Black Sea-Med, appearing under codes TDAFJ00 (for Worldscale) and TDAFI00 ($/mt)

The new basket will consist of the following rates: Novorossisk-Augusta Novorossisk-Lavera Novorossisk-Trieste

Average of the three flat rates: $7.95/mt

80 kt Black Sea-Med, appearing under codes TDADT00 (for Worldscale) and TDADO00 ($/mt)

The new basket will consist of the following rates: Novorossisk-Augusta Novorossisk-Lavera Supsa-Trieste

Average of the three flat rates: $7.75/mt

80 kt Med-Med, appearing under codes PFAJP10 (for Worldscale) and TDABL00 ($/mt).

The new basket will consist of the following rates: Sidi Kerir-Lavera La Skhirra-Augusta Ceyhan-Trieste

Average of the three flat rates: $5.51/mt

100 kt Baltic-UKC, appearing under codes TDADP00 (for Worldscale) and TDADK00 ($/mt).

The new basket will consist of the following rates: Primorsk-Rotterdam Primorsk-Wilhelmshaven Ust Luga-Le Havre

Average of the three flat rates: $7.98/mt

Please send all comments or questions by June 25, 2018, 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.