Platts proposes to launch UKC-Brazil MR clean tanker assessment Sep 2

Platts, part of S&P Global Commodity Insights, proposes to launch a daily Medium Range 37kt clean tanker freight assessment for the UKC-Brazil trade route effective Sept. 2.

Following market feedback, Platts has recognized a need for greater transparency in the freight rate for Medium Range tankers operating on the Northwest Europe-to-Brazil route, driven by increased activity levels and rate volatility in the spot market.

In addition, quantitative data from S&P Global Commodities at Sea reveals that seaborne clean volumes from Northwest Europe to Brazil have almost doubled in the last five years, surpassing 2.5 million mt in 2023.

The new clean tanker freight assessment would reflect spot values for Medium Range tankers carrying clean cargo in Worldscale points and $/mt.

The route basket would include the following routes:

The assessments would be published in the Platts Clean Tankerwire, Platts Clean Tankerwire Monthly and on the Platts Shipping Alert and Platts Tanker Alert pages.

Please send all comments or questions by July 25, 2024, to tankers@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.