Platts proposes new Atlantic Supramax dry bulk grains freight assessment, time charter equivalent

S&P Global Platts proposes to begin publishing one new daily Supramax dry bulk grains freight assessment and one new time charter equivalent, reflecting the growing trade for grains from South America to the Mediterranean, effective Nov. 1, 2020.

The freight assessment and time charter equivalent would reflect market rates for an increasingly liquid trade route as trans-Atlantic grains exports from South America comprise a larger proportion of the Supramax dry freight sector. The new routes round out Platts' Supramax time charter equivalent coverage, and complement its existing suite of dry freight TCEs.

The TCE assessment would reflect the $/day pricing derived from the voyage rate published on the new $/mt assessment in Dry Freight Wire.

The following new assessment is proposed:

Upriver, Argentina to Bejaia, Algeria, 40,000 mt grains, vessel delivery Recalada

The assessment would be based on modern Supramax tonnage and would reflect the cost of transporting a 40,000 mt (plus/minus 10%) grains cargo on a 57,000 dwt Supramax dry bulk vessel from delivery port to loading port and then to discharge port and will be published on a dollar per day and dollar per metric ton basis.

Please send all comments or questions by Sept. 11 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.