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.

Platts to launch weighted average Kamsarmax TCE index May 4

S&P Global Platts will start publishing a new daily weighted average Kamsarmax time charter equivalent (TCE) index, to be named KMAX 9, basis 0.5% sulfur bunker fuel and scrubber fitted ships, reflecting ton-mile demand on nine key TCE assessments from May 4, 2020.

The Kamsarmax market currently lacks a weighted average TCE index based on trade flow volume. Capturing the movement of widely consumed commodities such as grains, coal, iron ore and bauxite will help represent the spot market accurately.

The KMAX 9 index assessment for the 81,000 dwt Kamsarmax class vessel will be derived by applying an allocated weighting to the daily Panamax TCE assessments of six key round voyages published at the 5:30 pm (0930 GMT) Singapore close and three key round voyages published at the 4:30 pm (1630 GMT) London close.

The index assessment will not be published on days when either Singapore or London, or both locations are out on a public holiday.

Weighting for the individual TCE assessments is determined by the volume of Kamsarmax vessel movements observed between the regions associated with the respective voyages in the last three years from Platts trade flow software cFlow. It is calculated in ton-miles.

Ton-mile demand is calculated by multiplying the volume of cargo moved in metric tons by distance traveled in miles.

From May 4, 2020, the weighting for the average TCE assessment will be as follows, based on flows observed over January 1, 2017 to December 31, 2019:

Route Voyage Weighting

PPTCE6eL S Kalimantan, Indonesia Paradip, India 2.50%

PPTCE44L E Kalimantan, Indonesia Guangzhou 6.50%

PPTCE3eL Richards Bay, South Africa Paradip, India 6.15%

PPTCE8L Hay Point, Australia Paradip, India 7.45%

PPTCE7L Hay Point, Australia Qingdao, China 11.25%

PPTCE20L Vancouver, Canada Qingdao, China 10.75%

PPTCE27L New Orleans, Louisiana Qingdao, China 8.75%

PPTCE26L Santos, Brazil Qingdao, China 34.25%

PPTCE10L Hampton Roads, Virginia Rotterdam, Netherlands 12.40%

Platts will also publish a monthly average assessment for the index.

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 to the public upon request.