SUBSCRIBER NOTE: Platts to launch Time Charter Rates for major LNG shipping routes

S&P Global Platts will launch three Time Charter Rates (TCR) for key LNG shipping routes from November 1, 2019.

On the back of feedback from market participants, Platts will begin publishing TCR price assessments for Australia (Dampier) – Japan (Futtsu), US Gulf Coast (Sabine Pass) – Japan (Futtsu) and US Gulf Coast (Sabine Pass) – Northwest Europe (Zeebrugge). These will reflect round-trip economics for key shipping routes in the global LNG shipping market.

The LNG TCR price assessments will be published under the following names and symbols:

LNG Time Charter Rate Australia-Japan $/day (ATCRA00)

LNG Time Charter Rate USG-Japan $/day (ATCRC00)

LNG Time Charter Rate USG-Northwest Europe $/day (ATCRB00)

The basis of the calculation will be as follows for the Australia – Japan TCR:

Platts Asia Pacific Day Rate (AARXT00) * (laden leg number of days + ballast leg number of days * Platts Asia Pacific Ballast Rate (AAXTN00) + loading and discharge days) / number of round-trip days

Similarly, the basis of the calculation will be as follows for the USGC – Japan TCR:

Platts Atlantic Day Rate (AASYC00) * (laden leg number of days + ballast leg number of days * Platts Atlantic Ballast Rate (AAXTM00) + loading days and discharge days + Canal-transit days) / number of round-trip days

And for the USGC – NWE TCR:

Platts Atlantic Day Rate (AASYC00) * (laden leg number of days + ballast leg number of days * Platts Atlantic Ballast Rate (AAXTM00) + loading days and discharge days) / number of round-trip days.

The number of round-trip days will be 21 for the Australia-Japan route (nine days each way, three days for loading and discharge); 51 days (23 days each way, three days for loading and discharge, two days for Panama Canal transit) for the USGC-Japan route and 27 days for the USGC-NWE route.

Platts will also publish back-calculated data history for these TCRs going back to September 3, 2018, when Platts first started assessing its Asia Pacific and Atlantic Ballast Rates. Please send feedback, questions and comments to LNGeditorialteam@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.