SUBSCRIBER NOTE: Platts launches four new dirty tanker assessments

Platts has launched four new dirty tanker assessments, effective September 1, 2016.

The new assessments reflect established trade routes for crude oil from the North Sea and West Africa, and are based on both VLCC and Suezmax tonnage. They are published on the Dirty Tankerwire and fixed page PGA - MH1970.

The three new VLCC assessments are published on a lump-sum basis and expressed as dollars per voyage, to reflect how these routes are traded. Platts also publishes the equivalent dollar per metric ton value for these routes. The Suezmax assessment is published on a Worldscale basis and Platts publishes the dollar/mt value for the route.

VLCC HOUND POINT-FAR EAST: This assessment reflects the lump-sum freight rate for carrying a 270,000 mt cargo of Forties crude from Hound Point to Far Eastern ports in South Korea and China. The assessment is published under the following codes:

CODE DESCRIPTION TDDHP00 Dirty Hound Point-Far East 270kt $/mt TDDHP03 Dirty Hound Point-Far East 270kt $/mt MAvg TDDHQ00 Dirty Hound Point-Far East 270kt Lumpsum TDDHQ03 Dirty Hound Point-Far East 270kt Lumpsum MAvg TDDHQSZ Dirty Hound Point-Far East 270kt Lumpsum cargo size

VLCC WEST AFRICA-WEST COAST INDIA: This assessment reflects the freight rate to move a 260,000 mt West African crude oil cargo to the West Coast of India. The assessment is based on loadings from WAF terminals such as Qua Iboe and Forcados and discharges at ports on the West Coast of India such as Jamnagar and Sikka. The assessment is published under the following codes:

CODE DESCRIPTION TDWAW00 Dirty West Africa-West Coast India 260kt $/mt TDWAW03 Dirty West Africa-West Coast India 260kt $/mt MAvg TDWAX00 Dirty West Africa-West Coast India 260kt Lumpsum TDWAX03 Dirty West Africa-West Coast India 260kt Lumpsum MAvg TDWAXSZ Dirty West Africa-West Coast India 260kt Lumpsum cargo size

VLCC WEST AFRICA-EAST COAST INDIA: This assessment reflects the freight rate to move a 260,000 mt West African crude cargo to the East Coast of India. The assessment is based on loadings from WAF terminals such as Bonny and Erha and discharges at East Coast Indian ports such as Paradip. The assessment is published under the following codes:

CODE DESCRIPTION TDWAI00 Dirty West Africa-East Coast India 260kt $/mt TDWAI03 Dirty West Africa-East Coast India 260kt $/mt MAvg TDWEI00 Dirty West Africa-East Coast India 260kt Lumpsum TDWEI03 Dirty West Africa-East Coast India 260kt Lumpsum MAvg TDWEISZ Dirty West Africa-East Coast India 260kt Lumpsum cargo size

SUEZMAX WEST AFRICA-SOUTH AFRICA: This assessment reflects the Worldscale freight rate to move a 130,000 mt crude oil cargo from West Africa to South Africa. The assessment is based on loadings from WAF terminals such as Bonny and discharges at South African terminals such as Durban. The assessment is published under the following codes:

CODE DESCRIPTION TDWSA00 Dirty West Africa-South Africa 130kt $/mt TDWSA03 Dirty West Africa-South Africa 130kt $/mt MAvg TDWAS00 Dirty West Africa-South Africa 130kt Wsc TDWAS03 Dirty West Africa-South Africa 130kt Wsc MAvg TDWASSZ Dirty West Africa-South Africa 130kt Wsc cargo size TDWSB00 Dirty West Africa-South Africa 130kt yearly WS

Please send all further comments or questions to tankers@spglobal.com and pricegroup@spglobal.com.

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