SUBSCRIBER NOTE: Platts launches two Supramax grains freight TCEs

S&P Global Platts has launched two new daily Supramax dry bulk grains freight time charter equivalents, reflecting the growing trade for grains from the Black Sea to Southeast Asia and from South America to China, effective July 1, 2019.

The launch of assessments for these routes follow feedback to Platts' proposal published on May 23, 2019.

The TCE reflect market rates for two increasingly liquid trade routes as grains exports from the Black Sea and South America make up a larger proportion of the Supramax dry freight sector.

The new routes round out Platts' Supramax time charter equivalent coverage, and complement its existing suite of dry freight TCEs.

The TCE assessments reflect the $/day pricing derived from the respective voyage rates published on a $/mt basis in Dry Freight Wire.

The new assessments are:

GYUCA00 Yuzhny Ukraine to Cigading Indonesia, vessel delivery Canakkale Turkey, $/day Supramax GYUCA03 Yuzhny Ukraine to Cigading Indonesia, vessel delivery Canakkale Turkey, $/day Supramax MAvg GSQCA00 Santos Brazil to Qingdao China, vessel delivery Gibraltar, $/day Supramax GSQCA03 Santos Brazil to Qingdao China, vessel delivery Gibraltar, $/day Supramax MAvg

The assessments are based on modern Supramax tonnage and reflect the cost of transporting a 50,000 mt (plus or minus 10%) grains cargo on a 57,000 dwt Supramax dry bulk vessel from delivery port to loading port and then to discharge port, and are published on a $/day basis.

Please send all further 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.