Platts Unveils Cape T4 Parallel Ship Indices With Huge Spread

Ships with scrubbers can continue to use cheaper 3.5% sulfur high-sulfur fuel oil (HSFO).
Platts Cape T4 Index is a weighted average of time-charter equivalent (TCE) assessments of four roundtrip voyages by so-called Capesize vessels.
Cape T4 index implies that the earnings spread on November 1 is $4,943 per day to the advantage of scrubber-equipped Capesizes.
The spread is $4,302 on the China-Australia dual indices and $5,374 on the China-Brazil indices.
The dollars-per-day spread between the...