Platts to discontinue several West of Suez VLCC, Suezmax and Panamax freight assessments

S&P Global Platts will discontinue a number of West of Suez dirty tanker assessments effective September 1, 2020

This decision includes the Worldscale, the $/mt, and the cargo size codes. Platts has decided to delay the discontinuation of these assessments from the original proposed date of July 1, 2020, to September 1, 2020, following industry consultation.

Changing crude and fuel oil trading patterns in the Atlantic Basin and Mediterranean have changed the volume of cargoes moving along specific routes. Platts has identified five VLCC routes, five Suezmax routes, and one Panamax route to discontinue. The following assessments will be discontinued:

VLCC (260kt)

Assessment Worldscale code $/mt code

Dirty Mediterranean-UKC 260kt PFAOI00 TDABN00

Dirty Mediterranean-Mediterranean 260kt PFAOL00 TDABK00

Dirty West Africa-Mediterranean 260kt PFAOR00 TDACQ00

Dirty West Africa-East Coast Canada 260kt PFAOO00 TDACO00

Dirty West Africa-Caribs 260kt PFAOS00 TDACL00

Suezmax (135/130kt)

Assessment Worldscale code $/mt code

Dirty West Africa-Caribs 130kt PFAHY10 TDADC00

Dirty UK Continent-UK Continent 135kt PFAHP10 TDACC00

Dirty UK Continent-Mediterranean 135kt PFAHO10 TDABZ00

Dirty UK Continent-Caribs 135kt PFAHL10 TDABV00

Dirty Mediterranean-East Coast Canada 135kt PFALI10 TDABG00

Panamax (55kt)

Assessment Worldscale code $/mt code

Dirty UK Continent-Mediterranean 55kt AAKXE00 AAKXP00

These assessments appear on Platts Global Alert pages 0918, 0919, 1970, 1960, 1971 and 1960; in the Dirty Tankerwire; and in the Platts price database under the codes above.

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