24 Nov 2015 | 05:24 UTC — London

SUBSCRIBER NOTE: Platts proposes launch of new Panamax dry bulk freight assessment

Platts proposes to launch a new Panamax dry bulk freight rate assessment reflecting the established trade route of bauxite from West Africa to Spain.

This new assessment would reflect strong market activity on this route and would be based on modern Panamax dry bulk tonnage.

Platts proposes to launch the assessment with effect from February 1, 2016. This assessment would be published on a dollar per metric ton basis. The following route is under consideration for assessment:

KAMSAR TO SAN CIPRIAN: This assessment would reflect the Kamsar, Guinea, to San Ciprian, Spain, route for a Panamax vessel carrying a bauxite cargo of 59,000 mt.

Please send all comments or questions by December 14, 2015 to shipping@platts.com and pricegroup@platts.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.