28 Jun 2024 | 09:01 UTC

Platts proposes to launch 10 daily container bunker cost assessments and four daily carbon emission charge assessments Sept 2

Platts, part of S&P Global Commodity Insights, proposes to launch 10 daily container bunker charge assessments, complementing existing bunker charge assessments (PBCs), to calculate bunker costs for key routes via the Cape of Good Hope (COGH). Platts also proposes to launch four daily carbon emission charge assessments reflecting carbon emission costs incurred via the Cape of Good Hope effective Sept. 2, 2024.

The new bunker charge assessments would reflect bunker costs based on transit via COGH. These assessments will be in addition to the existing bunker charge assessments, which assess bunker costs via the Red Sea and Suez Canal:

Head-Haul

Route From To Symbol Monthly Average
PBC1 North Asia North Continent PBC0100 PBC0103
PBC5 North Asia East Coast North America PBC0500 PBC0503
PBC17 Indian Subcontinent North Continent PBC1700 PBC1703
PBC25 Southeast Asia East Coast North America PBC2500 PBC2503
PBC39 Indian Subcontinent East Coast North America PBC3900 PBC3903

Back-Haul

Route From To Symbol Monthly Average
PBC2 North Europe North Asia PBC0200 PBC0103
PBC6 East Coast North America North Asia PBC0600 PBC0503
PBC18 North Continent Indian Subcontinent PBC1800 PBC1703
PBC26 East Coast North America Southeast Asia PBC2600 PBC2503
PBC40 East Coast North America Indian Subcontinent PBC4000 PBC3903

The proposed bunker charge assessments would reflect the bunker costs for transporting a 40-foot container on the above routes via COGH and would be expressed in $/FEU.

The new carbon emission charge assessments would reflect emission costs based on transit via COGH. These assessments will be in addition to our existing carbon emission charges, which assess emission costs via the Red Sea and Suez Canal:

Head-Haul

Route From To Symbol Monthly Average
PCEC1 North Continent North Asia CEF0100 CEF0103
PCEC17 Indian Subcontinent North Continent CEF1700 CEF1703

Back-Haul

Route From To Symbol Monthly Average
PCEC2 North Asia North Continent CEF0200 CEF0203
PCEC17 North Continent Indian Subcontinent CEF1800 CEF1803

The proposed carbon emission charge assessments would be expressed in $/FEU.

As a result of Red Sea diversions around the COGH and the change in container freight market dynamics, Platts has undertaken an extensive analysis into shipping patterns for affected trade lanes that pertain to Platts bunker and carbon emission charges. New data for variables has been compiled through a wider compilation of AIS data and ship specification data from Platts trade flow software S&P Global Commodities at Sea.

The following variables have been updated to reflect charges via the COGH: ship speed; head haul and back haul distance; ship size.

The proposed price assessments would be published in Platts Dry Freight Wire, Platts Shipping Alert (SHP) pages 0520, 0521 and Platts Bunker Add-on (PBG), 3960, 3961; as well as in the Platts price database under the codes above.

Please send all feedback, comments, or questions by July 31 to shipping@spglobal.com, containers@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.