Platts discontinues Aframax USGC-UKC freight derivative assessments from Nov 3

Platts, part of S&P Global Commodity Insights, has discontinued the Aframax 70,000 mt US Gulf Coast-UK Continent freight derivative assessments, effective Nov. 3.

The proposal to discontinue is based on the lack of market interest in the derivative assessments and a greater focus on the spot assessment of the 70kt USGC-UKC $/mt run (TDUCF00).

Platts originally proposed the discontinuation in a subscriber note published Aug. 5.

Platts started publishing freight derivative assessments on this route for the balance month, current month and three forward months on Nov. 1, 2021, details of which can be found here.

The benchmark spot assessment Aframax 70kt USGC-UKC (TDUCF00) remains unaffected by this change.

The discontinued assessments are:

These assessments were published in the Dirty Tankerwire and alert pages PGT1990 and Platts Shipping Alert page SHP2432, and in the Platts price database under the codes above.

Please send all feedback, comments or questions to shipping@spglobal.com and pricegroup@spglobal.com.

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