Mumbai bunker assessments delayed to July 1

Platts' proposed launch of daily assessments for the Mumbai bunker market will be delayed from June 1, 2010 to July 1, 2010.

From July 1, Platts' daily assessments for 180 CST bunker fuel, 380 CST bunker fuel and marine gasoil will reflect bids, offers and trades for bunker fuel delivered at both Mumbai and Jawaharlal Nehru Port Trust (JNPT) ports in west India, between 3-7 days from date of publication.

Typical trading volumes in Mumbai range from 300 mt to 2,500 mt.

Currently, India's annual bonded bunker sales are estimated at 1.2 million mt.

The two assessed ports in Mumbai annually account for about 180,000 mt of this volume, and about 2,000 vessels call at the two ports.

These price assessments will appear in Platts Bunkerwire, Platts Global Alert's bunker fuel add-on pages, and in the Platts price database.

Please send all comments to asia_bunkers@platts.com and pricegroup@platts.com.