Energy Transition, Maritime & Shipping, Emissions, Carbon

February 01, 2024

Platts proposes to discontinue Aframax carbon-accounted freight assessments from March 1

Platts, part of S&P Global Commodity Insights, proposes to discontinue its daily carbon-accounted freight assessments where the loading and/or discharge ports fall within the scope of the European Union Emission Trading System (EU ETS) effective March 1.

Platts understands that prevailing tanker spot trade patterns since shipping's inclusion in the EU ETS on Jan. 1 include the EU ETS charges, making separate carbon-accounted freight assessments redundant.

Platts will continue its daily carbon emission charge assessments, as they reflect and break out the cost to offset 100% of the carbon dioxide emissions created on voyages involving EU and European Economic Area ports.

The assessments proposed to be discontinued are:

Assessment Name Code
Carbon-Accounted Aframax 70kt USGC-UKC $/MT AGCUA00
Carbon-Accounted Aframax 70kt USGC-UKC Worldscale AGCUB00
Carbon-Accounted Aframax 70kt USGC-UKC $/MT Mavg AGCUA03
Carbon-Accounted Aframax 70kt USGC-UKC Worldscale Mavg AGCUB03
Carbon-Accounted Aframax 70kt USGC-Med $/MT AGMEA00
Carbon-Accounted Aframax 70kt USGC-Med Worldscale AGMEB00
Carbon-Accounted Aframax 70kt USGC-Med $/MT Mavg AGMEA03
Carbon-Accounted Aframax 70kt USGC-Med Worldscale Mavg AGMEB03
Carbon-Accounted Aframax 80kt UKC-UKC $/MT ANEUG00
Carbon-Accounted Aframax 80kt UKC-UKC Worldscale ANEUH00
Carbon-Accounted Aframax 80kt UKC-UKC $/MT Mavg ANEUG03
Carbon-Accounted Aframax 80kt UKC-UKC Worldscale Mavg ANEUH03
Carbon-Accounted Aframax 100kt Baltic-UKC $/MT ANEUA00
Carbon-Accounted Aframax 100kt Baltic-UKC Worldscale ANEUB00
Carbon-Accounted Aframax 100kt Baltic-UKC $/MT Mavg ANEUA03
Carbon-Accounted Aframax 100kt Baltic-UKC Worldscale Mavg ANEUB03
Carbon-Accounted Aframax 80kt Ceyhan-Med $/MT ANEUE00
Carbon-Accounted Aframax 80kt Ceyhan-Med Worldscale ANEUF00
Carbon-Accounted Aframax 80kt Ceyhan-Med $/MT Mavg ANEUE03
Carbon-Accounted Aframax 80kt Ceyhan-Med Worldscale Mavg ANEUF03
Carbon-Accounted Aframax 80kt Black Sea-Med $/MT ANEUC00
Carbon-Accounted Aframax 80kt Black Sea-Med Worldscale ANEUD00
Carbon-Accounted Aframax 80kt Black Sea-Med $/MT Mavg ANEUC03
Carbon-Accounted Aframax 80kt Black Sea-Med Worldscale Mavg ANEUD03

The assessments are currently published in the Platts Dirty Tankerwire and Platts Dirty Tankerwire Monthly, on the Platts Shipping Alert pages SHP 2622, SHP 2623, and the Platts Tanker Alert pages PGT 4008, PGT 4009.

Please send all comments or questions by end of day Feb. 16, 2024 to tankers@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.