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. https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/092719-platts-proposes-to-discontinue-90kt-150-kt-americas-freight-assessments
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:
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.
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.