SUBSCRIBER NOTE: Platts launches Panama Canal, Santos bunker assessments

Platts has launched assessments for 380 CST and 180 CST bunker fuel and marine gasoil in the Panama Canal and Santos, Brazil, with effect from January 4, 2016. The new assessments reflect specifications conforming to ISO 8217:2005.

The 380 CST and 180 CST assessments reflect material with a maximum sulfur content of 3.5%.

The MGO assessments reflect material with a maximum sulfur content of 0.1%. Specification and assessment parameters will be detailed in Platts' Americas Refined Oil Products Methodology and Specifications Guide.

The new assessments reflect material for delivery 3-7 days forward. Platts currently assesses 380 3.5%S, 180 3.5%S and MGO on an ex-wharf basis in the Panamanian ports of Balboa and Cristobal, which serve as the basis for the new Panama Canal assessment. Typically, the values for these products in these ports on either side of the canal are the same. On those occasions when one port is valued differently than the other port, the Panama Canal assessment will reflect the lower value.

In line with this, Platts will discontinue the publication of the Petrobras posted price for Santos bunker fuels with effect from April 1, 2016. Platts will continue to publish Petrobras posted bunker prices for Rio de Janeiro, Paranagua and Salvador. These new assessments appear in Bunkerwire and Marine Alert, and on Platts Global Alert page 870. The assessments are published under the following codes:

Bunker FO 180 CST 3.5% Dlvd Santos AAXWP00 Bunker FO 180 CST 3.5% Dlvd Santos monthly average AAXWP03 Bunker FO 180 CST 3.5% Ex-Wharf Panama Canal AAXWL00 Bunker FO 180 CST 3.5% Ex-Wharf Panama Canal monthly average AAXWL03 Bunker FO 380 CST 3.5% Dlvd Santos AAXWJ00 Bunker FO 380 CST 3.5% Dlvd Santos monthly average AAXWJ03 Bunker FO 380 CST 3.5% Ex-Wharf Panama Canal AAXWG00 Bunker FO 380 CST 3.5% Ex-Wharf Panama Canal monthly average AAXWG03 Marine Gasoil Delivered Santos AAXWO00 Marine Gasoil Delivered Santos monthly average AAXWO03 Marine Gasoil Ex-Wharf Panama Canal AAXWI00 Marine Gasoil Ex-Wharf Panama Canal monthly average AAXWI03

For questions and comments, please write to americas_bunkers@platts.com and pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.