Maritime & Shipping, Containers

September 02, 2024

Platts launches ten daily container bunker charge assessments and four daily carbon emission charge assessments Sept. 2

Platts, part of S&P Global Commodity Insights, has launched 10 daily container bunker charge assessments (PBCs), complementing existing PBCs, to calculate bunker costs for key routes via the Cape of Good Hope (COGH). Platts also launched four daily carbon emission charge assessments reflecting carbon emission costs incurred via the Cape of Good Hope effective Sept. 2, 2024.

Platts initially proposed the launch of these assessments on June 28, 2024 and the subscriber note can be accessed here - https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062824-platts-proposes-to-launch-10-daily-container-bunker-cost-assessments-and-four-daily-carbon-emission-charge-assessments

The assessments follow the 16:30 London timestamp and London publishing schedule.

The new PBCs reflect bunker costs based on transit via COGH. These assessments are in addition to the existing PBCs, which assess bunker costs via the Red Sea and Suez Canal. The monthly average for each route will be published effective Oct. 1, 2024 under the below mentioned symbols.

Head-Haul
Route From To New Symbol New MAvg Symbol
PBC1 North Asia North Continent PBCH010 PBCH013
PBC5 North Asia East Coast North America PBCH050 PBCH053
PBC17 Indian Subcontinent North Continent PBCH170 PBCH173
PBC25 Southeast Asia East Coast North America PBCH250 PBCH253
PBC39 Indian Subcontinent East Coast North America PBCH390 PBCH393
Back-Haul
Route From To New Symbol New MAvg Symbol
PBC2 North Europe North Asia PBCH020 PBCH023
PBC6 East Coast North America North Asia PBCH060 PBCH063
PBC18 North Continent Indian Subcontinent PBCH180 PBCH183
PBC26 East Coast North America Southeast Asia PBCH260 PBCH263
PBC40 East Coast North America Indian Subcontinent PBCH400 PBCH403

The bunker charge assessments reflect the bunker costs for transporting a 40-foot container on the above routes via COGH and will be expressed in $/FEU.

The new carbon emission charge assessments, as displayed below, reflect emission costs based on transit via COGH. These assessments are in addition to our existing carbon emission charges, which assess emission costs via the Red Sea and Suez Canal.

Head-Haul
Route From To New Symbol New MAvg Symbol
PCEC1 North Continent North Asia CEFH010 CEFH013
PCEC17 Indian Subcontinent North Continent CEFH170 CEFH173
Back-Haul
Route From To New Symbol New MAvg Symbol
PCEC2 North Asia North Continent CEFH020 CEFH023
PCEC18 North Continent Indian Subcontinent CEFH180 CEFH183

The new carbon emission charge freight assessments are expressed in $/FEU.

The above assessments are published in Platts Dry Freight Wire, Platts Shipping Alert (SHP) pages 0520, 0521 and Platts Bunker Add-on(PBG), 3960, 3961; as well as in the Platts price database under the codes above.

Please send any feedback, comments, or questions to shipping@spglobal.com,containers@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 upon request.