SUBSCRIBER NOTE: Platts to change Australia-Korea Capesize dry bulk cargo size

Following a period of industry consultation and feedback, S&P Global Platts has decided to change the cargo size assessed for Capesize dry freight rates on the Newcastle, Southeast Australia to Pohang, South Korea route from 150,000 mt to 130,000 mt (Platts code: CINAK00, Page Number: MH3918, EP3918, GC0952). The change will be effective from October 3.

The change is a result of industry feedback and in response to market changes. Platts understands that charterers typically move cargoes loaded out of Newcastle basis 130,000 mt (plus/minus 10%) due to the supplied stem size and the maximum draft available of 15.2 meters. Platts will normalize any other cargo size on these routes to 130,000 mt basis.

Please send any further feedback or questions 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.