SUBSCRIBER NOTE: Platts to discontinue NWE, three Mediterranean LS 1% bunker assessments

Platts will discontinue its Northwest European, Algeciras, Gibraltar and Malta low sulfur (1% sulfur) bunker fuel assessments with effect from September 1, 2015.

Platts will continue to assess low sulfur bunker fuel in Genoa and Piraeus, reflecting the continuation of regional coastal and domestic usage.

Low sulfur fuel oil has become largely redundant as a bunker fuel in the wake of the January 1 implementation of legislation from the International Convention for the Prevention of Pollution from Ships (MARPOL), which further limited the sulfur emissions from ships operating within any Emission Control Area to a maximum of 0.1%, down from the previous 1%.

Demand for low sulfur bunker fuel has generally been replaced by demand for marine gasoil and other similar, ultra low sulfur fuels.

Pockets of demand for 1% sulfur fuel oil across Europe still exist, though demand has fallen sharply.

Platts is maintaining its Genoa and Piraeus low sulfur bunker fuel assessments to reflect pockets of demand specific to those two ports.

Platts will continue to publish assessments for marine gasoil (0.1% sulfur) for all its existing European and African ports.

Platts will also continue to monitor the development of the emerging supply of new ultra low sulfur bunker fuels across Europe and Africa, demand and supply patterns for these fuels, and subscriber demand for new assessments.

Platts low sulfur bunker fuel assessments are currently published in Platts Bunkerwire and in Platts Global Alert.

For a complete list of all affected assessments and their PGA codes, please see the table below:

CODE ASSESSMENT PGA PAGE MONTH CODE MONTH PGA PAGE AASTY00 Rotterdam LS 1% PGA1850 AASTY03 PGA1861 AASUA00 Antwerp LS 1% PGA1850 AASUA03 PGA1861 AASUM00 Dunkirk LS 1% PGA1850 AASUM03 PGA1861 AASUC00 Hamburg LS 1% PGA1850 AASUC03 PGA1861 AAVVZ00 Gothenburg 1% PGA1870 AAVVZ03 PGA1871 AASUE00 Great Belt LS 1% PGA1870 AASUE03 PGA1871 AASUG00 Gdansk LS 1% PGA1870 AASUG03 PGA1871 AASUI00 St Petersburg LS 1% PGA1870 AASUI03 PGA1871 AAVIW00 Gibraltar LS 1% PGA1860 AAVIW03 PGA1861 AAXCZ00 Algeciras LS 1% PGA1860 AAXCZ03 PGA1861 AARTD00 Malta LS 1% PGA1860 AARTD03 PGA1861

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Platts will consider all comments received and will make comments not marked as confidential available upon request.