Platts proposes publishing Kalimantan Floating Crane assessment

S&P Global Platts is seeking feedback on a proposal to begin publishing a daily Kalimantan Floating Crane assessment in USD/mt from September 2, 2019.

Platts currently surveys the cost of floating cranes used for loading cargoes onto gearless [Panamax] ships in the Kalimantan region, and is proposing formally publishing the floating crane charge going forward.

The spot floating crane cost is a crucial component in relating the free-on-board [FOB] South Kalimantan price of Indonesian thermal coal loading on gearless ships that do not have loading/discharging equipment fitted on-board, to geared ships that have the equipment on board.

Platts is constantly reviewing its methodology to ensure assessments reflect standard traded parameters in a given market.

Please direct any questions or comments by August 1, 2019 to coal@spglobal.com with a copy to 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.