Platts decides to launch Kalimantan Floating Crane assessment

S&P Global Platts will launch a daily Kalimantan Floating Crane assessment in USD/mt from September 2, 2019.

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 currently surveys the cost of floating cranes used for loading cargoes onto gearless [Panamax] ships in the Kalimantan region.

Platts first proposed to launch the KFC assessment in a subscriber note published on July 17, 2019:

http://plts.co/M51Z30pcmtG

The Kalimantan Floating Crane (Database Code: AKFCA00) will appear in Platts Coal Trader International, Platts Coal Alert pages GCA 0410 and GCA 0425 and Platts European Power Alert page EPA 0910.

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

Please direct any questions or comments to coal@spglobal.com with a copy to pricegroup@spglobal.com.

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