Platts launches four North Asia-South America container box rates, PBX assessments

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:

Headhaul
Route
From
To
Symbol
Mavg
PCR29
North Asia
WC South America
PCR2900
PCR2903
PCR31
North Asia
EC South America
PCR3100
PCR3103
PBX29
North Asia
WC South America
PBX2900
PBX2903
PBX31
North Asia
EC South America
PBX3100
PBX3103
Backhaul
PCR30
WC South America
North Asia
PCR3000
PCR3003
PCR32
EC South America
North Asia
PCR3200
PCR3203
PBX30
WC South America
North Asia
PBX3000
PBX3003
PBX32
EC South America
North Asia
PBX3200
PBX3203

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.

Please send all feedback, comments or questions to containers@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 upon request.