SUBSCRIBER NOTE: Platts launches new UK Continent-UK Continent Handysize clean tanker assessment

London (Platts)--2Jul2018/647 am EDT/1047 GMT S&P Global Platts has launched a new clean Handysize tanker freight rate assessment, reflecting flows within the UK Continent, effective July 2, 2018.

This new assessment was first proposed in a note published on April 30, 2018.

The new daily assessment aims to capture newly established supply trends of refined products following a decline in the use of Flexisize tankers. The new assessment reflects modern Handysize tonnage.

The assessment is published on a Worldscale basis to reflect how this route is most commonly traded. Platts will also publish a dollars per metric ton value for this route.

UK CONTINENT TO UK CONTINENT: This assessment reflects the UK Continent to UK Continent route for a clean Handysize tanker carrying a cargo of 30,000 mt. The assessment reflects loadings from Rotterdam, Western Sweden and the Loire river, and discharge at ports including Antwerp, Immingham and Thames.

This new assessment is published in Platts Clean Tankerwire and Platts Tanker Alert page PGT 1910. Please send any feedback or questions 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 upon request.