SUBSCRIBER NOTE: Platts proposes new Asia clean tanker assessments

Platts proposes to add two new clean Medium Range tanker freight rate assessments reflecting flows from Arab Gulf and West Coast India to South Africa effective October 1, 2015.

The new assessments would aim to capture newly established supply trends of refined products out of these regions to meet South Africa's rapidly growing import requirements.

The new assessments would reflect modern MR tonnage.

Both assessments would be published on a Worldscale basis to reflect how these routes are most commonly traded.

Platts would also publish a dollars per metric ton value for these routes.

WEST COAST INDIA TO SOUTH AFRICA: This assessment would reflect the West Coast India to South Africa route for a clean MR tanker carrying a cargo of 35,000 mt. The assessment would reflect loadings from Sikka and Vadinar and discharge into Durban followed by Mossel Bay as the discharge basis port. Fixtures to Cape Town would be considered in the assessment and normalized to Durban followed by Mossel Bay.

ARAB GULF TO SOUTH AFRICA: This assessment would reflect the Arab Gulf to South Africa route for a clean MR tanker carrying a cargo of 35,000 mt. The assessment would reflect loadings from Jubail and discharge into Durban followed by Mossel Bay as the discharge basis port. Fixtures to Cape Town would be considered in the assessment and normalized to Durban followed by Mossel Bay.

These new assessments would be published in Platts Clean Tankerwire and Platts Tanker Alert page PGT 2920.

Please send all comments or questions by September 5 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 to the public upon request.