SUBSCRIBER NOTE: Platts launches new US clean tanker assessments

Platts is launching new clean Long Range 1 tanker freight rate assessments on December 1, 2014, reflecting flows from US Gulf Coast to UK Continent, following a proposal to do so published in October.

The new assessments capture newly established supply trends of refined products out of the region following significant structural changes to the US oil industry and reflect shifting trading patterns. The new assessments reflect modern LR1 tonnage no more than 15 years old.

The assessments are published on a Worldscale basis to reflect how these routes are traded. Platts also publishes a dollars per metric ton value for these routes.

US GULF COAST TO UK CONTINENT: This assessment is based on a 65,000-80,000 dwt LR1 tanker carrying a 60,000 mt cargo of clean products from the US Gulf Coast to UK Continent, and reflects the increased amount of refined products leaving the US Gulf Coast. The assessment includes loadings from New Orleans and Houston and discharge at Rotterdam and Antwerp.

US GULF COAST TO MEDITERRANEAN: This assessment is based on a 65,000-80,000 dwt LR1 tanker carrying a 60,000 mt cargo of clean products from the US Gulf Coast to the Mediterranean, and reflects the increased amount of refined products leaving the US Gulf Coast. The assessment includes loadings from New Orleans and Houston and discharge at Lavera and Genoa.

These new assessments are published in Platts Clean Tankerwire and Platts Tanker Alert page PGT 1924. Please send all further comments or questions to tankers@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.