SUBSCRIBER NOTE: Platts to launch new USGC-North Brazil clean tanker assessment

Following feedback to its October 2014 proposal, Platts confirms that it will launch on November 24 a new clean Medium Range tanker freight rate assessment reflecting flows from US Gulf Coast to North Brazil.

The new assessment will aim to capture newly established supply trends of refined products out of the region following significant structural changes to the US oil industry. The new assessment would reflect modern MR tonnage.

The assessment would be published on a Worldscale basis to reflect how this route is most commonly traded. Platts would also publish a dollars per metric ton value for this route.

US GULF COAST TO NORTH BRAZIL: This assessment would reflect the US Gulf Coast to North Brazil route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment would reflect loadings from Houston and New Orleans and discharge at ports including Manaus, Belem and Sao Luis.

This new assessment would be published in Platts Clean Tankerwire and Platts Tanker Alert Page PGT 1912. 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.