31 May 2023 | 05:07 UTC

Platts to amend Worldscale flat rate for Clean West Coast India MR routes from Jun 5

Following a Worldscale Association update to New Mangalore port, S&P Global Platts will amend, effective June 5, 2023, the Worldscale flat rate basket used in $/mt calculations for Medium Range, or MR, clean tanker assessments for the West Coast India-North Asia and Persian Gulf-West Coast India routes.

With these amendments, the new average flat rates will be as follows in $/mt.

West Coast India-South Korea 35Kt 21.63
West Coast India-Japan 35Kt 23.23
West Coast India-Singapore 35Kt 12.32
Persian Gulf-West Coast India 35kt 9.24
Persian Gulf-West Coast India 55kt 9.24

Please refer to the Worldscale website for more information.

The affected clean tanker assessments are as follows:

Assessment ($/mt) Code Mavg
West Coast India to South Korea 35Kt TCAEG00 TCAEG03
West Coast India-Japan 35Kt TCAEE00 TCAEE03
West Coast India-Singapore 35K TCAEC00 TCAEC03
Persian Gulf-West Coast India 35kt TCAAF00 TCAAF03
Persian Gulf-West Coast India 55kt TCAAG00 TCAAG00

These assessments appear in the Clean Tankerwire, Clean Tankerwire Monthly and also in pages PGT2920, PGT2922, SHP0320, SHP0330, PGT2921, PG2923, SHP0321, SHP0331, as well as in the Platts price database under the codes above.

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

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