Platts includes Phoenix Star FSU in Singapore fuel oil cargo, ex-wharf bunker MOC from June 1

Platts, part of S&P Global Commodity Insights, has included the ship Phoenix Star as an additional loading point in its 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.

Platts 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/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 now eight FSUs approved as additional loading points in the FOB Singapore cargo and ex-wharf bunkers MOC 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 Platts for publishing.

Any offer of oil from ships accredited for the FOB Singapore cargo and ex-wharf bunkers MOC 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 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.