Platts To Launch TCE Assessments For Ultramax

• Platts adds new Ultramax assessments and ups cargo sizes on key coal routes

• assessments for Ultramax class dry bulk ships on three routes — Australia to Vietnam, Indonesia to China and Persian Gulf to India

• the TCE assessments will reflect the gross daily revenue of Ultramax vessels operating on these routes

• there is an increasing interest to utilise Ultramax vessels in the dry bulk freight market

• Platts will publish two sets of TCEs for each route: for non/scrubber-fitted vessels

S&P Global Platts will launch time charter equivalent (TCE) assessments for Ultramax class dry bulk ships on three routes — Australia to Vietnam, Indonesia to China, and the Persian Gulf to India says an article on Ship Insight.

TCE assessments

S&P Global Platts will launch time charter equivalent (TCE) assessments for Ultramax class dry bulk ships on three routes -effective 1 November 2021, to reflect growing thermal coal exports from Australia and Indonesia and increasing limestone shipments from the Persian Gulf on the respective routes.

Gross daily revenue

These TCE assessments reflect the gross daily revenue of Ultramax vessels operating on these routes. They will be published in US dollars/day and will be derived from the respective Supramax voyage rates published by Platts on a $/mt basis. Platts first proposed the launch of these TCE assessments in a subscriber note published Aug. 30.