S&P Global Platts has begun publishing four new daily spot container freight rate and bunker excluded container rate assessments from Sept. 1, 2021, complementing existing box rate assessments, and extending market coverage to an active and growing North Asia to South America trade lane.
The new assessments are:
The daily container box rate assessments reflect the transactable value at 13:30 Houston time, for transporting 40-foot equivalent, or FEU, containers on those headhaul and backhaul routes, for loading five to 25 days forward from the date of publication.
The PBX assessments reflect the latter, excluding the cost of bunker fuel. They are calculated by subtracting the value of the existing Platts Bunker Charge assessments Platts publishes on these routes from the respective container box rate assessments.
The assessments are published in $/FEU and follow the Houston publishing schedule.
Platts assesses key shipping regions under the following broad geographic descriptions:
North Asia: Tokyo to Hong Kong
East Coast South America: Atlantic Coast including Argentina
West Coast South America: Pacific Coast from Chile to Colombia
These assessments are published in Platts Dry Freight Wire; on Platts Shipping Alert pages SHP0510, SHP0512, SHP0520, MH3950, MH3956, MH3960, SHP0511, SHP0521, MH3951 and MH3961; and in the Platts pricing database under the codes above.
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