Platts to launch implied Supramax sugar freight rate from Brazil to Indonesia on Sept 1

S&P Global Platts will launch a new implied Supramax freight rate for the transport of sugar from Brazil to Indonesia, that will be derived from an existing time charter equivalent (TCE) assessment, effective Sept. 1, 2021.

The Supramax daily derived freight rate assessment reflects the cost of transporting a 50,000 mt (plus/minus 10%) cargo of sugar from Santos, Brazil, to Cigading, Indonesia, loading 15-30 days forward from the date of the assessment, and is based on modern Supramax tonnage.

The implied freight rate is derived from the existing Platts grains Santos, Brazil to Qingdao, China (PS29) Supramax TCE assessment (daily price database code: GSQCB00).

Platts also includes 0.5%S marine fuel prices at the relevant bunkering ports, port charges, vessel speed and fuel consumption in the calculation of the implied freight rate from TCE assessments.

The freight rates reflect the transactable value at the London market close of 4:30 pm London time, and follow the London publishing schedule.

The new assessments are:

Assessment name Code

PS34 DBF Sugar Santos Brazil-Cigading Indonesia 50kt $/mt Supramax GBINA00

PS34 DBF Sugar Santos Brazil-Cigading Indonesia 50kt $/mt Supramax MAvg GBINA03

The assessments are to published in Platts Dry Freight Wire, Platts Dry Freight Wire Monthly and Platts Daily Grains; on Platts Shipping Alert pages SH2620, SHP2621, SHP0630 and SHP0631, and in the Platts price database under the codes above.

Please send any further comments or questions to shipping@spglobal.com and pricegroup@spglobal.com.

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