Platts of s&p global commodity insights launches tanker freight base rates price assessments

New assessments to aid transparency and growth in global tanker freight market london, new york, singapore , may 16, 2023 /prnewswire/ -- platts, part of s&p global commodity insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced that on may 15, 2023, it launched platts base rates based on conventional bunker fuel and liquefied natural gas (lng) bunker fuel, providing a standardized estimate of the cost of moving a tanker on a given route. this marks the first-ever comprehensive offering of base rates incorporating alternative fuel pricing and it complements platts' pre-existing, well-established suite of voyage and time-charter tanker freight assessments.
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