SUBSCRIBER NOTE: Platts to launch new Ultramax, Supramax, Post-Panamax voyage assessments

Following a period of industry consultation and feedback, S&P Global Platts confirms it will launch three new dry bulk freight assessments for Ultramax, Supramax and Post-Panamax class vessels reflecting the increasing liquidity on thermal coal routes from South Africa and metallurgical coal routes from Australia, effective December 1.

Platts first proposed this new launch in a subscriber note published October 20 (https://platts.com/subscriber-notes-details/26824946).

Platts will not launch the proposed new South Kalimantan, Indonesia, to Paradip, India, 55,000 mt (plus/minus 10%); South Kalimantan to Navlakhi, India, 55,000 mt (plus/minus 10%) and Richards Bay, South Africa to Paradip 55,000 mt (plus/minus 10%) assessments.

Instead, Platts will separately propose to increase the cargo size on the existing South Kalimantan to Paradip; South Kalimantan to Navlakhi and Richards Bay to Paradip assessments from 50,000 mt (plus/minus 10%) to 55,000 mt (plus/minus 10%) to reflect the current liquidity on these routes.

The new assessments to be launched are:

* PS25 RBCT, South Africa to Kandla, India, 55,000 mt (plus/minus 10%) in $/mt * PS26 RBCT, South Africa to Karachi, Pakistan, 50,000 mt (plus/minus 10%) in $/mt * PP45 Hay Point, Australia to Qingdao, China, 85,000 mt (plus/minus 10%) in $/mt

The assessments will be published on a dollar per metric ton basis and appear in Dry Freight Wire.

Please send any feedback or questions to shipping@spglobal.com and pricegroup@spglobal.com.

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