Platts publishes 2024/25 freight rate for FOB NWE LPG large cargo assessments, monthly indexes

Platts, part of S&P Global Commodity Insights, has published the freight differential used in daily FOB Northwest Europe large cargo assessments and NWE large cargo monthly indexes for propane and butane, effective Nov. 1, 2024. The 2024/25 freight rate, to be applied through Sept. 30, 2025, is $26.25/mt. The rate is based on prevailing average medium gas carrier (MGC) time charter and spot rates for the following specified routes: Karsto, Houndpoint (Braefoot Bay), Mongstad and Teesside to Flushing, Amsterdam, Rotterdam and Antwerp.

This rate may be reviewed for change, subject to market conditions. Such modifications will be made in line with the Platts Methodology Change Standards, including the announcement of changes via subscriber notes.

From 2025, the annual freight rate will be announced on Oct. 1 and applied through Sept. 30 of the following calendar year, in line with standard market practices.

The Platts Propane FOB NWE Large Cargo assessment (APRPA00) and Butane FOB NWE Large Cargo assessment (APRPB00) are calculated as a freight netback to the Platts Propane CIF NWE Large Cargo assessment (PMABA00) and Platts Butane CIF NWE Large Cargo assessment (PMAAK00), respectively, by applying the prevailing freight differential.

In addition, the Platts Propane NWE Large Cargo Index (PNCI) (APRPC00) and Butane NWE Large Cargo Index (BNCI) (APRPD00), reflecting the average value of the last five published daily prices of the month for Platts Propane FOB NWE Large Cargoes and Butane FOB NWE Large Cargoes, respectively, is published on the last working day of each month.

Platts launched daily FOB NWE LPG large cargo assessments and monthly indexes on Nov 1, 2024, more details can be found here: Platts launches FOB NWE LPG large cargo assessments, monthly indexes | S&P Global Commodity Insights .

Please send any comments or feedback to europe_products@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.