S&P Global Platts is to shake up its capesize freight assessments in the face of changing trade patterns in the coal and iron-ore trades.
The company is proposing two new assessments to reflect “increasing liquidity of Australian thermal coal and Canadian iron-ore movements into East China”.
The proposed PC23 capesize assessment would reflect the freight rate for 130,000 tonne thermal coal cargoes from Newcastle, Australia, to Zhoushan, East China.
