Subscriber note: Platts to assess Capesize freight rates for met coal

Following industry feedback, Platts confirms that with effect from September 2, Platts will assess spot freight rates for Capesize cargoes of metallurgical coal from Australia to China. The assessment will enable the calculation of FOB Australia netbacks from CFR China assessments for coal shipped on Capesize vessels. Platts will continue to calculate freight netbacks from China using assessed Panamax spot freight rates for dry bulk carriers on the day of assessment. The new freight assessment will be assessed in US dollars/metric ton, and would reflect cargoes of 150,000 mt loading 7-45 days forward from the day of assessment, from Hay Point, eastern Australia, and headed to Qingdao in north China. Please send any further feedback and questions to julien.hall@platts.com, and copy cokingcoal@platts.com