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30 Nov 2017 | 03:24 UTC — Singapore
Following a period of industry consultation and feedback, S&P Global Platts has launched 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 13 (https://www.platts.com/subscriber-notes-details/26824946).
Also, Platts has separately proposed 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 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 are 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.
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 to the public upon request.