Platts to amend Worldscale basket rate for Aframax Caribbean-USAC, Caribbean-to-UKC/Med routes from Oct. 3

Following a Worldscale Association update to St. Lucia (Caribbean Sundry Island), Platts, part of S&P Global Commodity Insights, will amend the Worldscale flat rate baskets used in $/mt calculations for the Aframax 70kt Caribbean-to-US Atlantic Coast and Caribbean-to-UK Continent/Mediterranean routes, effective Oct. 3, 2022.

With this amendment, the new average flat rates for the Aframax 70kt Caribbean-to-USAC, Caribbean-to-UKC and Caribbean-to-Mediterranean routes will be $8.94/mt, $15.54/mt and $17.11/mt, respectively.

Please refer to the Worldscale website for more information on its update.

The affected assessments are:

Assessment Name
Code
MAvg
Dirty Caribbean-US Atlantic Coast 70kt
TDAAY00
TDAAY03
Dirty Caribbean-UK Continent 70kt
TDUKC00
TDUKC03
Dirty Caribbean-Mediterranean 70kt
TDMED00
TDMED03

Clean tanker rates are not affected by this change.

The affected assessments appear in Platts Dirty Tankerwire and Platts Dirty Tankerwire Monthly; on Platts Shipping Alert pages 2430, 2431 and Platts Tanker Alert pages 1962, 1963; 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.

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.