S&P Global proposes including FSU SA Europe in Singapore fuel oil cargo, ex-wharf bunker MOC from July 3

S&P Global Commodity Insights is considering the inclusion of the vessel SA Europe 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 July 3, 2023.

SA Europe (IMO 9235268) is operated by Southern Ace Marine Sdn. Bhd. as a floating storage unit at Kukup within Tanjung Pelepas Port Limits in southern Malaysia's Johor state.

There are currently nine 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.

Please send all feedback and comments by June 1, 2023 to asia_products@spglobal.com and pricegroup@spglobal.com.

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