SUBSCRIBER NOTE: Platts proposes to change USGC-Japan/S Korea LR1 cargo size Feb 1

S&P Global Platts proposes to change the cargo size reflected in its Long Range 1 USGC-Japan/South Korea assessment from 55,000 mt to 60,000 mt effective February 1, 2018, to reflect a change in trade flows through the Panama Canal.

Following the opening of the Neopanamax locks at the Panama Canal on June 26, 2016, spot fixtures for LR1 tankers on the USGC-Japan/S Korea route have started to reflect cargo sizes of 60,000 mt. Prior to the Panama Canal expansion, LR1 tankers traversing the canal were limited to 55,000 mt cargoes due to draft restrictions.

The proposed change affects the following symbols: Clean Freight USGC-Japan/S Korea LR1 Lumpsum: TCLNA00 Clean Freight USGC-Japan/S Korea LR1 Lumpsum MAVG: TCLNB03 Clean Freight USGC-Japan/S Korea LR1 Lumpsum cargo size: TCLNASZ Clean Freight USGC-Japan/S Korea LR1 $/mt: TCLNB00 Clean Freight USGC-Japan/S Korea LR1 $/mt MAVG: TCLNB03

These assessments appear on Platts Global Alert page 1924 (daily assessments) and on page 1925 (monthly averages), in Clean Tankerwire and in the Platts price database.

Please send all comments and feedback by December 31, 2017 to shipping@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 considers all comments received and will make comments not marked as confidential available upon request.