Platts 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, will publish 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.

These assessments will complement the existing West Coast India to Middle East assessments, hence transparently reflecting the two-tier market led by both carriers and NVOCCs.

The new NVOCC assessments will be as follows:

The existing assessments mentioned below will reflect the spot freight for containers transported by carriers:

The proposed assessments will 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 will be published in $/TEU and $/FEU and will follow the India Calendar.

The relevant descriptions for the routes are:

West Coast India: Mumbai, Jawaharlal Nehru Port, Mundra

Middle East: Jebel Ali to Salalah

These assessments will 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 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.