Platts to launch VLGC freight rate assessments for Houston to Suape, Houston to Santos

Platts will launch two new daily assessments of LPG freight rates and their related monthly averages from Dec. 15, reflecting the value of LPG freight from Houston to Suape, Brazil, and Houston to Santos, Brazil. This follows market interest for price transparency on LPG imports into the two Brazilian ports shipped on Very Large Gas Carriers.

The decision follows a proposal subscriber note published Nov. 3 and available at:

https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/110325-platts-proposes-vlgc-freight-rate-assessments-for-houston-to-suape-houston-to-santos

The two freight assessments from the US Gulf Coast to Brazil would be based on market indications received and surveyed through the day. In the absence of market values or fixtures on the two specific routes, Platts may consider related markets to derive its assessments, such as the standalone Houston-Northwest Europe VLGC spot freight assessment (AAXIQ00).

This new LPG freight rate will reflect the value of chartering a VLGC from Houston to Suape and Houston to Santos to transport a 44,000 mt cargo of LPG, loading 15-45 days forward from the date of publication.

The Houston-Suape and Houston-Santos VLGC freight rates will reflect the values at the Houston market close at 1:30 p.m. CT. They will be published in $/mt and cents/gal and follow the Houston publishing schedule.

The assessments will be databased under the following symbols:

The assessment will be published in Platts LPGaswire, Clean Tankerwire, Oilgram Price Report, and US Marketscan as well as on fixed pages Platts Petrochemical Alert (PCA0780 and PCA0781), Platts Global Alert (PGA0780), Platts LPG Alert (PGL0781) and Platts Refined Products Alert (PRF0780 and PRF0781).

For questions and comments, please reach out to americas_products@spglobal.com and pricegroup@spglobal.com

If providing written comments, please indicate clearly if they are not intended for public viewing by Platts. All comments received will be considered, and those not marked as confidential will be made available upon request.