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27 Sep 2019 | 14:12 UTC — Houston
S&P Global Platts proposes to discontinue four Americas dirty tanker freight assessments -- Suezmax 150,000 mt Caribbean-China, Suezmax 150,000 mt USGC-Singapore, Aframax 90,000 mt Caribbean-UK Continent, and Aframax 90,000 mt Caribbean/Mediterranean routes -- effective January 2, 2020.
Platts understands that fixtures on these routes typically reflect vessels of a smaller size.
Platts will continue to assess the Suezmax Caribbean and USGC-loading routes to Asia on a 130,000 mt basis and the Aframax Caribbean-trans-Atlantic routes on a 70,000 mt basis, to reflect the fact that the bulk of observed spot market activity on these routes is traded on those bases.
The proposed discontinuation will affect the following:
Assessment: Code: Dirty Caribbean-China 150kt Lumpsum TDCAS00 Dirty Caribbean-China 150kt $/mt TDCHI00 Dirty Caribbean-China 150kt Lumpsum MAvg TDCAS03 Dirty Caribbean-China 150kt $/mt MAvg TDSAZ03 Dirty Caribbean-China 150kt cargo size TDCASSZ
Dirty USGC-Singapore 150kt Lumpsum TDUSC00 Dirty USGC-Singapore 150kt $/mt TDSSZ00 Dirty USGC-Singapore 150kt Lumpsum MAvg TDUSC03 Dirty USGC-Singapore 150kt $/mt MAvg TDSSZ03 Dirty USGC-Singapore 150kt cargo size TDUSCSZ
Dirty Caribbean-UK Continent 90kt Wsc TDCAC00 Dirty Caribbean-UK Continent 90kt $/mt TDUKA00 Dirty Caribbean-UK Continent 90kt Wsc MAvg TDCAC03 Dirty Caribbean-UK Continent 90kt $/mt MAvg TDUKA03 Dirty Caribbean-UK Continent 90kt cargo size TDCACSZ
Dirty Caribbean-Mediterranean 90kt Wsc TDCME00 Dirty Caribbean-Mediterranean 90kt $/mt TDMEA00 Dirty Caribbean-Mediterranean 90kt Wsc MAvg TDCME03 Dirty Caribbean-Mediterranean 90kt $/mt MAvg TDMEA03 Dirty Caribbean-Mediterranean 90kt cargo size TDCMESZ
These assessments appear on Platts Global Alert pages 1972 and 1962; on Platts Shipping Alert pages 2440 and 2430; in the Dirty Tankerwire; and in the Platts price database under the codes above.
Please send any comments or questions by October 31 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 to the public upon request.