Platts proposes to launch 4 daily NVOCC West Coast India to Middle East front haul, back haul container freight assessments Dec. 1

Platts, part of S&P Global Commodity Insights, proposes to launch four daily spot container freight assessments effective Dec.1 , adding freight rates for containers transported by NVOCCs (Non-Vessel Operating Common Carriers) between West Coast India and the Middle East.

The launch of these assessments would complement the existing West Coast India to Middle East assessments, which, effective Dec. 1, will exclusively reflect spot container freight rates for containers transported by carriers. This approach aims to capture the dynamics of the two-tier market in its entirety.

The new NVOCC assessment would be as follows:

The existing assessments mentioned below would reflect the spot fr eight for containers transported by carriers :

The proposed assessments would reflect the transactable value at 16:30 pm Indian Standard Time (IST ) for loading five to 25 days forward from the date of publication.

The assessments would be published in $/TEU and $/FEU and would follow the India publishing calendar.

The relevant descriptions for the routes are:

West Coast India: Mumbai, Jawaharlal Nehru Port, Mundra

Middle East: Jebel Ali to Salalah

These assessments would be published in Containers Daily; 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 Oct. 29 to shipping@spglobal.com, containers@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.