Platts Introduces Dry Freight Shipping Publication

Expanding its portfolio of products dedicated to shipping, Platts, a leading global provider of energy, petrochemicals, metals and agriculture information, has launched Platts Dry Freight Wire, a daily report that consolidates all of Platts’ prices, news and market commentary related to dry commodity shipping.  The new market report, which debuted on June 25, complements three longstanding Platts publications that provide similar coverage of crude oil, refined products, petrochemicals and other liquid commodity shipping.

“Platts Dry Freight Wire responds to increased spot market volatility and use of index-linked physical freight deals. Targeted to ship owners, charterers and trading houses, it addresses the market’s growing need for an independent source of daily dry freight prices backed by a sound methodology,” said Peter Norfolk, Platts’ director of global freight.  “As a central source for Platts’ prices and commentary across commodities and vessel size, it gives subscribers the information and insights to establish independent prices for term contracts, negotiate deals at the best price and analyze the price movements of specific freight routes.”