Platts launches Atlantic Supramax ferrous scrap, petcoke TCE assessments

Platts, part of S&P Global Commodity Insights, has launched two Supramax dry bulk time charter equivalents, reflecting shipments of petcoke from the US Gulf Coast to the Mediterranean and ferrous scrap from the North Sea to the Mediterranean, effective Dec. 1, to reflect the growing trade on these Atlantic Supramax routes.

Platts first proposed these assessments in a subscriber note published Nov. 3 and available here: Platts to launch Atlantic Supramax ferrous scrap, petcoke TCE assessments | S&P Global Commodity Insights (spglobal.com)

The launched TCE assessments reflect the $/day pricing on these two routes, derived from the respective $/mt Supramax voyage rates that Platts already publishes.

The launched TCE assessment for ferrous scrap reflects the cost of transporting a 40,000 mt (plus/minus 10%) scrap cargo on a 57,000 dwt Supramax dry bulk vessel from Rotterdam, Netherlands to Aliaga, Turkey, and reflect bunkering at the port of Rotterdam.

The launched TCE assessment for petcoke reflects the cost of transporting a 50,000 mt (plus/minus 10%) petcoke cargo on a 57,000 dwt Supramax dry bulk vessel from New Orleans, Louisiana to Iskenderun, Turkey, and reflects bunkering at the port of Houston.

Platts will publish these TCE assessments on a standard Supramax vessel using 0.5% marine bunker fuel and a scrubber-fitted Supramax vessel using 3.5% marine bunker fuel. The assessments will be published on a $/day basis.

The port charges, vessel speed and bunker fuel consumption used in the TCE calculations were arrived at by extensive market survey and reflect market practice.

The assessments reflect the value at the 4:30 pm London time market close, and follow the London publishing schedule.

The assessments are:

NIPTE00 - New Orleans-Iskenderun 50,000 mt petcoke time charter equivalent 0.5% VLSFO - Daily

NIPTE03 - New Orleans-Iskenderun 50,000 mt petcoke time charter equivalent 0.5% VLSFO MAvg- Monthly

NIPTS00 - New Orleans-Iskenderun 50,000 mt petcoke time charter equivalent scrubber-fitted - Daily

NIPTS03 - New Orleans-Iskenderun 50,000 mt petcoke time charter equivalent scrubber-fitted MAvg-Monthly

RAFTE00 - Rotterdam-Aliaga 40,000 mt ferrous scrap time charter equivalent 0.5% VLSFO - Daily

RAFTE03 - Rotterdam-Aliaga 40,000 mt ferrous scrap time charter equivalent 0.5% VLSFO MAvg- Monthly

RAFTS00 - Rotterdam-Aliaga 40,000 mt ferrous scrap time charter equivalent scrubber-fitted - Daily

RAFTS03 - Rotterdam-Aliaga 40,000 mt ferrous scrap time charter equivalent scrubber-fitted MAvg- Monthly

The assessments appear in Dry Freight Wire, Platts Shipping Alert pages MH3976, SH2614, MH3970, SH0612, SH2615, MH3977, MH3971 and SH0613, and in the Platts price database under the codes above.

Please send all feedback, comments or questions to shipping@spglobal.com and pricegroup@spglobal.com.

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