SUBSCRIBER NOTE: Platts amends flat rates on some European Suezmax/Aframax routes

Following a period of industry consultation and feedback, S&P Global Platts has updated the basket of flat rates used to calculate $/mt prices on a number of Suezmax and Aframax routes West of Suez effective September 1, 2018.

The basket update was first proposed in a subscriber note published June 25, 2018 (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/062518-s ubscriber-note-correction-platts-proposes-to-change-basket-of-flat-rates-on-so me-european-suezmaxaframax-routes).

In response to changing trade flows, S&P Global Platts has updated the Worldscale basket for the following dirty tanker routes: 135 kt Black Sea-Med, appearing under codes TDADQ00 (for Worldscale) and TDADL00 ($/mt) The new basket will consist of the following rates: Novorossisk-Augusta Novorossisk-Lavera Novorossisk-Trieste Average of the three flat rates: $7.95/mt

140 kt Black Sea-Med, appearing under codes TDAFJ00 (for Worldscale) and TDAFI00 ($/mt) The new basket will consist of the following rates: Novorossisk-Augusta Novorossisk-Lavera Novorossisk-Trieste Average of the three flat rates: $7.95/mt

80 kt Black Sea-Med, appearing under codes TDADT00 (for Worldscale) and TDADO00 ($/mt) The new basket will consist of the following rates: Novorossisk-Augusta Novorossisk-Lavera Supsa-Trieste Average of the three flat rates: $7.75/mt

80 kt Med-Med, appearing under codes PFAJP10 (for Worldscale) and TDABL00 ($/mt). The new basket will consist of the following rates: Sidi Kerir-Lavera La Skhirra-Augusta Ceyhan-Trieste Average of the three flat rates: $5.51/mt

100 kt Baltic-UKC, appearing under codes TDADP00 (for Worldscale) and TDADK00 ($/mt). The new basket will consist of the following rates: Primorsk-Rotterdam Primorsk-Wilhelmshaven Ust Luga-Le Havre Average of the three flat rates: $7.98/mt

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