S&P Global to include Phoenix Star FSU in Singapore fuel oil cargo, ex-wharf bunker MOC from June 1

S&P Global Commodity Insights will include the vessel Phoenix Star as an additional loading point in its Platts Singapore Market on Close assessment process for cargo and ex-wharf bunkers for Marine Fuel 0.5% and 380 CST HSFO from June 1, 2022.

Phoenix Star (IMO 9180891) is operated by Nathalin Shipping Pte. Ltd. as a floating storage unit at Tanjung Pelepas within Tanjung Pelepas Port Limit in southern Malaysia's Johor state.

S&P Global first proposed including the FSU as an additional loading point in a subscriber note published March 14, 2022: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/031422-platts-proposes-including-phoenix-star-fsu-in-singapore-fuel-oil-cargo-ex-wharf-bunker-moc-from-june-1.

There are currently seven FSUs approved as additional loading points in the FOB Singapore cargo and ex-wharf bunkers MOC process for Marine Fuel 0.5% and 380 CST HSFO. 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 S&P Global for publishing.

Any offer of oil from vessels accredited for the FOB Singapore cargo and ex-wharf bunkers MOC process for Marine Fuel 0.5% and 380 CST HSFO would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a loading point in FOB Straits trades.

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