Platts proposes to discontinue its Suezmax Iran loading premium tanker freight assessment Oct 1

Platts, part of S&P Global Commodity Insights, proposes to discontinue its Suezmax Iran loading premium tanker freight assessment due to extremely low spot market activity, effective Oct. 1, 2025.

Market feedback suggests that there is a significant lack of Iranian-related fixtures or cargoes, leading to a near absence of liquidity for the premium assessment.

According to trade flow software S&P Global Commodities at Sea, from 2023 to date, 85% of Iranian crude transported was via VLCCs, while only 12% was transported using Suezmax ships. Suezmax usage has seen a decline of 97% from 2017 to 2024.

The affected assessments would be as follows:

Please submit any feedback, comments or questions to shipping@spglobal.com and pricegroup@spglobal.com by July 21, 2025.

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.