S&P Global Platts Launches LNG-Fueled TCEs, Newcastlemax Weighted Index
Peter Norfolk, Editorial Director, Global Shipping & Freight, S&P Global Platts said:"The International Maritime Organization has set targets to cut total GHG emissions annually by 50% through 2050 compared with 2008 and reduce CO2 emissions by 40% by 2030.
- Peter Norfolk, Editorial Director, Global Shipping & Freight, S&P Global Platts said:"The International Maritime Organization has set targets to cut total GHG emissions annually by 50% through 2050 compared with 2008 and reduce CO2 emissions by 40% by 2030.
- NMAX GT4 is the dry bulk freight market's first alternative-fuel based weighted average index capturing the global trade on Newcastlemax bulkers, reflecting an important segment of the global dry bulk market that is expected to evolve in future.
- Platts NMAX GT4 is based on an allocated weighting to the daily Time Charter Equivalent (TCE) assessments of four key voyages.
- Platts Newcastlemax TCE assessments ($/day) are derived from related Capesize voyage charter prices ($/mt).