S&P Global Platts will discontinue 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/Mediterranean 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 will continue 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 discontinuation will affect 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.
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Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.