Platts to Launch Index for LNG-Fuelled Newcastlemaxes

S&P Global Platts is set to roll out time charter equivalent (TCE) assessments for 209,000 dwt newcastlemax bulkers using LNG as bunker fuel on six key routes and a ton-mile weighted average index named NMAX GT4.

Starting next month, the new TCE assessments will reflect the $/day pricing derived from the respective voyage rates published on a $/mt basis in Platts Dry Freight Wire and will be calculated using LNG bunker fuel prices published by Platts. The new NMAX GT4 Index assessment will be derived by applying an allocated weighting to the daily TCE assessments of four key round voyages.

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