Platts to include New Global in Singapore Marine Fuel 0.5% MOC from May 17

S&P Global Platts will include the New Global as an additional loading point in the FOB Singapore Marine Fuel 0.5% assessment process from May 17, 2021.

New Global (IMO 9235244) is operated by New Ocean fuel (Singapore) Pte. Limited as a floating storage unit at Tanjung Pelepas within Tanjung Pelepas Port Limit in southern Malaysia's Johor state.

Platts first proposed including the New Global as an additional loading point in a subscriber note published March 15, 2021: http://plts.co/VfJO30rDNqo.

There are currently 10 FSUs approved as additional loading points in the Platts FOB Singapore fuel oil and marine fuel assessment process. The standards applicable to approved FSUs require that sellers specifically name the vessel used as a loading point at the time of submitting offers to Platts for publishing.

Any offer of oil from vessels accredited for the FOB Singapore fuel oil and marine fuel assessment process would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a delivery point in FOB Straits trades.

Please send all feedback and comments to asia_products@spglobal.com and pricegroup@spglobal.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.