Platts proposes to launch Indian Subcontinent-East Coast North America bunker charge, PBX assessments April 1

S&P Global Platts is proposing to launch two daily container freight bunker charge assessments and two daily container bunker excluded assessments for the Indian Subcontinent to East Coast North America shipping lane on April 1, 2022.

The proposed assessments will add to existing Platts coverage of the region, supporting the proposed launch of spot container freight box rate assessments on the growing Indian Subcontinent-East Coast North America trade lane: https://bit.ly/3LpXI9c.

The proposed bunker charge assessments would cover the following container routes:

These daily assessments would reflect the bunker costs for transporting a 40-foot container on the above routes and would be expressed in $/FEU.

The assessments would reflect the use of 0.5% sulfur and 0.1% sulfur marine fuel, and would be calculated using the $/mt bunker fuel prices in the following representative ports, published by Platts.

VLSFO PBC39 and PBC40 Colombo, Jeddah, Algeciras, New York.

LSMGO PBC39 and PBC40 Colombo, Algeciras, New York, Charleston.

The bunker charge round voyage weighting allocation, vessel speed and consumption used in the bunker charge calculations are arrived at through market survey and reflect market practice. All assessments would include a sea margin of 5%. The voyage durations are arrived at through market survey and the vessel will proceed on a round-voyage basis to ports in geographical rotation within the below range.

PBC39 and PBC40 Indian Subcontinent and East Coast North America range

The above variables used in calculating bunker charge assessments may be regularly updated to reflect market practice and new regulations.

The proposed PBX assessments would reflect the value of transporting 40-foot equivalent containers for loading five to 25 days forward on the same routes, excluding the cost of bunker fuel. They would be calculated by subtracting the proposed Platts Bunker Charge assessments from the proposed container box rate assessments on the respective routes.

The proposed PBX assessments are:

Please send any comments or questions by March 2 to shipping@spglobal.com, 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 those not marked as confidential available upon request.