Platts to launch Black Sea-Far East Suezmax freight assessment

S&P Global Platts will launch a new Suezmax Black Sea-Far East dirty tanker freight assessment effective August 3, 2020.

Crude oil trading patterns in the Black Sea Mediterranean region have continued to evolve and have significantly altered the flow of certain vessels along specific sea routes, with an increasing share of dirty petroleum products heading to the Asian continent. Platts has observed an increasing number of fixtures for the following route:

135,000 mt Black Sea to Far East

Platts will publish daily spot and monthly average assessments for the above route in order to better capture growing liquidity and to better reflect the spot markets in Europe. The new assessment will be assessed on a lump-sum basis and published in US dollars. Platts will also publish the equivalent US dollar per metric ton value.

Please send all comments 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.