Platts considers new Singapore fuel oil delivery points

Platts is considering the Titan Ruchira and SouthernPec 3 as additional delivery points in the FOB Singapore fuel oil assessment process.

Titan Ruchira is operated by Titan Storage Limited, while SouthernPec 3 is operated by Southernpec (Singapore) Shipping Pte Ltd and are classed as floating storage units, or FSUs.

Both vessels are anchored at Tanjung Pelepas in the Johor province of southern Malaysia. Platts' fuel oil methodology already includes deliveries made from landed storage at Pasir Gudang, and floating storage vessels used in the past.

The standards that will apply to the new vessels are the same ones that were applied to the vessels used earlier.

The FAQ document on Kadriah 1 can be found at: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpe cs/KadriahFaq.pdf

Please send comments and feedback by February 15, 2011 to asia_products@platts.com with a cc to pricegroup@platts.com.