SUBSCRIBER NOTE: Platts to launch new Supramax, Panamax TCE assessments

S&P Global Platts proposes to launch four new dry bulk Time Charter Equivalent (TCE) freight assessments for Panamax and Supramax vessels, effective January 1, 2018.

The new assessments would reflect the spot fixture activity on these routes. The TCE assessments for Supramax and Panamax vessels would reflect $/day pricing and would be derived from the respective voyage rates published by Platts on a $/mt basis.

The TCE assessments would be calculated using bunker prices published by Platts.

The port charges, vessel speed and consumption used in the TCE calculations are arrived at by extensive market survey and reflect market practice.

All assessments would be basis loading and discharge on Sundays and Holidays Included (SHINC) per weather working day at both ends; sea margin of 5% and total commission at 5%. Routes with Sundays and Holidays Excluded (SHEX) load/discharge terms will be normalized to SHINC terms.

The following new assessments are proposed:

* Hampton Roads, Virginia to Rotterdam, Netherlands, 70,000 mt (plus/minus 10%) in $/day * Santos, Brazil to Qingdao, China, 60,000 mt (plus/minus 10%) in $/day * New Orleans, Louisiana to Kashima, Japan, 50,000 mt (plus/minus 10%) in $/day * Houston, Texas to Krishnapatnam, East Coast India, 50,000 mt (plus/minus 10%) in $/day

The terms for the Supramax vessel are based on 57,000 dwt and terms for the Panamax vessel on 81,000 dwt.

Route Load/Discharge terms

25,000/30,000 mt SHINC 8,000/10,000 mt SHEX 10,000/8,000 mt SHEX 20,000/15,000 mt SHINC

Please send any feedback or questions by October 23, 2017 to shipping@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 to the public upon request.