Platts launches 8 daily Southeast Asia to West Coast India front haul, back haul container freight assessments Dec. 1

Platts, part of S&P Global Energy , has launched eight new daily spot container freight assessments effective Dec. 1, extending market coverage to key trading lanes between Southeast Asia and West Coast India.

These assessments provide a comprehensive view of spot container freight rates for containers transported by both carriers and Non-Vessel Operating Common Carriers (NVOCCs). This approach aims to capture the dynamics of the two-tier market in its entirety.

Platts announced its decision to launch the above assessments in a subscriber note published Oct. 30.

The new assessments cover the following routes and are published under these codes:

Carrier Assessments:

These assessments reflect freight rates for containers transported by Carriers. NVOCCs (Non-Vessel Operating Common Carriers)

NVOCC Assessments:

These assessments reflect freight rates for containers transported by NVOCCs (Non-Vessel Operating Common Carriers).

The assessments reflect the transactable value at 16:30 Indian Standard Time, for transporting 20-feet equivalent or TEU and 40-feet equivalent, or FEU containers on those routes, for loading 5 to 25 days forward from the date of publication.

The assessments are published in $/TEU and $/ FEU, and follow the India publishing schedule.

The relevant descriptions for the routes are:

Southeast Asia: Hong Kong to Singapore; normalized to Singapore and Port Klang

West Coast India: Mumbai, Jawaharlal Nehru Port, Mundra; normalized to JNPT and Mundra

These assessments are published in Containers Daily; on Platts Shipping Alert pages SHP0510, SHP0514, SHP0511, PGT4000, PGT4006, PGT4001, and in the Platts pricing database under the symbol codes above.

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

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