![International Bulk Journal](https://www.ibj-online.com/images/international-bulk-journal.png)
![Menu](https://www.ibj-online.com/images/showmobnav-bg.png)
(Posted on 03/10/19)
S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, has announced it will launch the first Dry Bulk Capesize Earnings Index, named the CapeT4 Index, reflecting ton-mile demand on four key time charter equivalent (TCE) assessments on 1st October, 2019.
Platts Dry Freight Wire provides market participants with price assessments and analysis of the fundamentals affecting freight prices.
“The existing approach to pricing dry bulk freight has remained essentially unchanged for 35 years. The shipping industry deserves better. We believe the combination of Platts’ robust and transparent methodology and observed trade flow data from Platts cFlow will allow us to publish an index that better reflect the supply and demand fundamentals of the shipping market.” said Peter Norfolk, Global Head of Shipping for S&P Global Platts.
The Capesize market currently lacks a weighted average TCE index. The Platts CapeT4 Index is based on trade flow volume and captures the movement of widely consumed commodities, such as iron ore and coal, which ensures accurate representation of physical spot market trading activity.
The CapeT4 Index is calculated by applying an allocated weighting to the daily TCE ($/day) assessments of four key round voyages, published at the 5:30pm Singapore Market On Close:
The CapeT4 index is published in the S&P Global Platts Dry Freight Wire.
INTERCARGO, the association of dry bulk shipping companies, has released the following statement:&ldquo... Read more
ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (... Read more
The Women's International Shipping & Trading Association UK (WISTA UK) marked its 50th anniversary... Read more
Accidents onboard ships are not decreasing, according to latest accident statistics submitted to the... Read more
Solutions must be in place to help ship owners with navigating the complex challenges of complying with... Read more
Diversity and nurturing talent is high on the agenda for BCS Group – Boers Crew Services as it... Read more
With discussions regarding the IMO’s (International Maritime Organization) Carbon Intensity Indicator... Read more
The Institute of Chartered Shipbrokers (ICS), the professional body for the commercial shipping industry... Read more
Columbia Group and Crowley have signed a strategic cooperation agreement that broadens both companies... Read more
The 2024 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat company, reveals... Read more