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Platts discontinues 90kt, 150 kt Americas freight assessments

S&P Global Platts has discontinued four Americas dirty tanker freight assessments -- Suezmax 150,000 mt Caribbean-China, Suezmax 150,000 mt USGC-Singapore, Aframax 90,000 mt Caribbean-UK Continent, and Aframax 90,000 mt Caribbean/Mediterran ean routes -- effective January 2, 2020.

The discontinuation was first proposed in a subscriber note published September 27.

Platts understands that fixtures on these routes typically reflect vessels of a smaller size.

Platts continues to assess the Suezmax Caribbean and USGC-loading routes to Asia on a 130,000 mt basis and the Aframax Caribbean-trans-Atlantic routes on a 70,000 mt basis, to reflect the fact that the bulk of observed spot market activity on these routes is traded on those bases.

The symbol for the Dirty Caribbean-China 150kt $/mt MAvg has been changed to TDCHI03 from the previous symbol listed incorrectly in the published decision and proposal notes.

The discontinuation affects the following:

Dirty Caribbean-China 150kt Lumpsum
Dirty Caribbean-China 150kt $/mt
Dirty Caribbean-China 150kt Lumpsum MAvg
Dirty Caribbean-China 150kt $/mt MAvg
Dirty Caribbean-China 150kt cargo size
Dirty USGC-Singapore 150kt Lumpsum
Dirty USGC-Singapore 150kt $/mt
Dirty USGC-Singapore 150kt Lumpsum MAvg
Dirty USGC-Singapore 150kt $/mt MAvg
Dirty USGC-Singapore 150kt cargo size
Dirty Caribbean-UK Continent 90kt Wsc
Dirty Caribbean-UK Continent 90kt $/mt
Dirty Caribbean-UK Continent 90kt Wsc MAvg
Dirty Caribbean-UK Continent 90kt $/mt MAvg
Dirty Caribbean-UK Continent 90kt cargo size
Dirty Caribbean-Mediterranean 90kt Wsc
Dirty Caribbean-Mediterranean 90kt $/mt
Dirty Caribbean-Mediterranean 90kt Wsc MAvg
Dirty Caribbean-Mediterranean 90kt $/mt MAvg
Dirty Caribbean-Mediterranean 90kt cargo size

These assessments appear on Platts Global Alert pages 1972 and 1962; on Platts Shipping Alert pages 2440 and 2430; in the Dirty Tankerwire; and in the Platts price database under the codes above.

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