01 Sep 2016 | 06:18 UTC — Singapore

SUBSCRIBER NOTE: Platts launches new Supramax coal freight assessments

Following a period of industry consultation and feedback, S&P Global Platts has launched five new Supramax dry bulk freight assessments reflecting the increasing liquidity on coal trade from South Kalimantan, Indonesia and Richards Bay, South Africa, to Navlakhi, West Coast India, and Paradip in East Coast India, respectively.

The new assessments reflect the growing spot fixture activity on these routes basis 50,000 mt (plus/minus 10%) for meeting the thermal coal requirements of Indian consumers.

The new assessments and their respective codes are as follows:

*
CIIEN00
-
Richards
Bay,
South
Africa,
to Navlakhi, West Coast India, 50kt
*
CIIEM00
-
Richards
Bay,
South
Africa,
to Paradip, East Coast India, 50kt
*
CIIEK00
-
South
Kalimantan,
Indonesia
to
Navlakhi, West Coast India, 50kt
*
CIIEJ00
-
South
Kalimantan,
Indonesia
to
Paradip, East Coast India, 50kt
*
CIIEL00
-
Differential
from
basis
South
Kalimantan to East Kalimantan, 50kt



The assessments are published on a dollar per metric ton basis and appear in Platts Dry Freight Wire and Dry Freight Wire Monthly.

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