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01 Aug 2014 | 05:44 UTC — London
Platts has launched effective August 1, 2014 two new Clean Medium Range tanker freight rate assessments for the US Gulf Coast. These assessments reflect newly established supply trends of refined products out of the region, in the wake of major changes to refining capacity in the southern US.
The new assessments -- US Gulf Coast to Argentina and US Gulf Coast to Brazil -- reflect strong market interest in these routes for clean Medium Range tankers. The new assessments represent modern MR tonnage.
US GULF COAST TO ARGENTINA: This assessment reflects a 38,000 mt clean MR tanker from the US Gulf Coast to Argentina. The assessment reflects loadings from Houston and New Orleans, and discharge into major Argentine ports, including Buenos Aires and La Plata.
US GULF COAST TO BRAZIL: This assessment reflects a 38,000 mt, clean MR tanker from the US Gulf Coast to Brazil. The assessment reflects loadings from Houston and New Orleans, and discharge into Santos, Tramandai and Salvador.
Please send all further comments or questions to tankers@platts.com and pricegroup@platts.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.