Maritime & Shipping

September 04, 2023

Platts launches 4 daily North Asia to Indian Subcontinent fronthaul, backhaul container freight assessments

Platts, part of S&P Global Commodity Insights, has launched four new daily spot container freight assessments and four monthly average equivalents from Sept. 4, extending market coverage to key trading lanes of North Asia and Indian Subcontinent.

The new assessments cover the following routes, and are published under these codes:

Head Haul
Route From To Symbol Mavg
PCR53 North Asia Indian Subcontinent PCR5300 PCR5303
TCR53 North Asia Indian Subcontinent TCR5300 TCR5303
Back Haul
PCR54 Indian Subcontinent North Asia PCR5400 PCR5403
TCR54 Indian Subcontinent North Asia TCR5400 TCR5403

The assessments reflect the transactable value at 17:30 Singapore time, for transporting 20-feet equivalent or TEU and 40-feet equivalent, or FEU containers on those routes, for loading five to 25 days forward from the date of publication.

The assessments are published in $/TEU and $/FEU, and follow the Platts Singapore publishing schedule.

Platts assesses key shipping regions under broad geographic descriptions.

The relevant descriptions for the routes are:

North Asia: Tokyo to Hong Kong

Indian Subcontinent: Karachi to Chittagong

These assessments are published in Platts Dry Freight Wire and Platts Dry Freight Wire Monthly; on Platts Shipping Alert pages SHP0510, SHP0514, SHP0511, PGT4000, PGT4006, PGT4001, and in the Platts pricing database under the symbol codes above.

Please send all feedback, comments or questions by to shipping@spglobal.com, containers@spglobal.com and pricegroup@spglobal.com.