Platts to amend Worldscale basket rate for Persian Gulf to US Gulf Coast dirty tanker routes from Oct 3

Following the Worldscale Association's update to LOOP terminal on the US Gulf Coast, Platts, part of S&P Global Commodity Insights, will amend the Worldscale flat rate basket used in $/mt calculations for the Persian Gulf to US Gulf Coast 280kt and 140kt dirty tanker assessments, effective Oct. 3, 2022.

With this amendment, the new average flat rate for the Persian Gulf US Gulf Coast 280kt and 140kt voyages will be $40.86/mt. No clean tanker assessments are affected by this update.

Please refer to the Worldscale website for more information on its update.

The affected assessments are:

These assessments appear in Platts Dirty Tankerwire, Oilgram Price Report and Latin American wire; on Platts Shipping Alert pages 440, 441 430, 431, and Platts Tanker Alert pages 2970, 2971, 2980, 2981; as well as in the Platts price database under the codes above.

Please send all comments or questions to shipping@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.