SUBSCRIBER NOTE: Platts proposes to change Australia-Korea Capesize dry bulk cargo size

Platts proposes to change the cargo size assessed for Capesize dry freight rates on the Newcastle, Southeast Australia to Pohang, South Korea route from 150,000 mt to 130,000 mt (Platts code: CINAK00, Page Number: MH3918, EP3918, GC0952), effective October 3, 2016.

The proposed change is a result of industry feedback and in response to market changes. Platts understands that charterers typically move cargoes loaded out of Newcastle basis 130,000 mt (plus/minus 10%) due to the supplied stem size and the maximum draft available of 15.2 meters. Platts would normalize any other cargo size on these routes to 130,000 mt basis.

Please send all comments or questions by August 26, 2016 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.