Platts amends Worldscale flat rate for Arab Gulf to Singapore route from Nov. 1

Following a Worldscale Association update to Bahrain port, S&P Global Platts has amended the Worldscale flat rate basket used in its $/mt calculations for the Arab Gulf to Singapore 80kt clean tanker assessment, effective Nov. 1.

With this amendment, the new average flat rate for the Arab Gulf to Singapore 80kt voyage is $12.43/mt.

Platts had published a decision note Oct. 20 ( http://plts.co/VzYU30rYXlN )

Please refer to the Worldscale website for more information.

The affected assessment is:

Assessment Code: Mavg

Clean Arab Gulf to Singapore 80kt $/mt TCAEB00 TCAEB03

No other clean tanker rates are affected by this update. These assessments appear in Platts Clean Tankerwire; on Platts Tanker Alert pages 2922 and 2923 and Platts Shipping Alert pages 330 and 331; as well as in the Platts price database under the codes above.

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