Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

S&P Global Platts Launches world’s first weighted average Capesize TCE Index

Brings transparency to dry bulk shipping market

LONDON/SINGAPORE (September 30, 2019) - S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced it will launch the first Dry Bulk Capesize Earnings Index, named the CapeT4 Index, reflecting ton-mile demand on four key time charter equivalent (TCE) assessments on October 1, 2019.

”The existing approach to pricing dry bulk freight has remained essentially unchanged for 35 years. The shipping industry deserves better. We believe the combination of S&P Global Platts' robust and transparent methodology and observed trade flow data from Platts cFlow will allow us to publish an index that better reflect the supply and demand fundamentals of the shipping market," said Peter Norfolk, Global Head of Shipping, S&P Global Platts.

The Capesize market currently lacks a weighted-average TCE index. The Platts CapeT4 Index is based on trade flow volume and captures the movement of widely consumed commodities, such as iron ore and coal, which ensures accurate representation of physical spot market trading activity.

The CapeT4 Index is calculated by applying an allocated weighting to the daily TCE ($/day) assessments of four key round voyages, published at the 5:30pm Singapore Market On Close:

  • N China - Australia Round Voyage (Platts code: PCTCE5)
  • N China - S Africa Round Voyage (Platts code: PCTCE8)
  • N China - Atlantic Round Voyage (Platts code: PCTCE3A)
  • Trans-Atlantic Round Voyage (Platts code: PCTCE7)

The CapeT4 index is published in the S&P Global Platts Dry Freight Wire.

ABOUT S&P GLOBAL PLATTS DRY FREIGHT WIRE

Platts Dry Freight Wire provides market participants with price assessments and analysis of the fundamentals affecting freight prices. Features include:

  • More than 120 independent freight rate price assessments updated daily, plus extensive listings and analysis of freight heards and fixtures, as well as voyage rates ($/mt) and TCEs ($/day).
  • All major vessel sizes, from Capesize to Handysize, covering all major dry freight commodities: alumina, bauxite, coking and thermal coal, ferrous scrap, grains, iron ore, limestone, petcoke and sugar.
  • Choice of format and delivery for easy integration into back-office and analytical databases including via the Platts API or intuitive Excel Add-In.

Media Contacts:

Americas, Asia: Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com

EMEA: Arnaud Humblot +44 207 176 6685, arnaud.humblot@spglobal.com and Alex Brog +44 207 176 7645, alex.brog@spglobal.com

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.