s&P Global Platts has started publishing time charter equivalent assessments based on 0.5% sulphur bunker fuel for scrubber and non-scrubber dry bulk carriers from November 1, this year, exactly two months ahead of the International Maritime Organization sulphur cap regulations
The new TCE assessments are calculated using daily 0.5% delivered bunker prices published by Platts. The vessel speed and consumption used in these TCE calculations were derived by extensive market survey and reflect market practice for vessels using low sulphur fuel.
The scrubber indices reflect the average of the difference between the TCE returns for scrubber-fitted and non-scrubber ships for respective routes under each vessel class.
Last month S&P Global Platts launched a capesize earnings index. The CapeT4 Index reflects ton-mile demand on four time charter equivalent (TCE) assessments.