SUBSCRIBER NOTE: Platts adds new Asia clean tanker assessments

Platts has launched two new clean Medium Range tanker freight rate assessments reflecting flows from the Arab Gulf and West Coast India to South Africa, effective October 1, 2015.

The new assessments aim to capture newly established supply trends of refined products out of these regions to meet South Africa's rapidly growing import requirements.

The new assessments reflect modern MR tonnage.

Both assessments are published on a Worldscale basis to reflect how these routes are most commonly traded.

Platts also publishes a dollars per metric ton value for these routes.

WEST COAST INDIA TO SOUTH AFRICA: This assessment reflects the West Coast India to South Africa route for a clean MR tanker carrying a cargo of 35,000 mt. The assessment reflects loadings from Sikka and Vadinar and discharge into Durban followed by Mossel Bay as the discharge basis port. Fixtures to Cape Town are considered in the assessment and normalized to a two-port discharge of Durban followed by Mossel Bay.

ARAB GULF TO SOUTH AFRICA: This assessment reflects the Arab Gulf to South Africa route for a clean MR tanker carrying a cargo of 35,000 mt. The assessment reflects loadings from Jubail and Mina Al Ahmadi and discharge into Durban followed by Mossel Bay as the discharge basis port. Fixtures to Cape Town are considered in the assessment and normalized to a two-port discharge of Durban followed by Mossel Bay.

These new assessments are published in Platts Clean Tankerwire and Platts Tanker Alert page PGT 2920.

Please send all further comments or questions to tankers@platts.com and pricegroup@platts.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.