Platts adds Gdynia, Gdansk to ports reflected in ULSD CIF NWE MOC process

Platts, part of S&P Global Commodity Insights, has expanded the list of ports reflected in its Market on Close assessment process for CIF Northwest European ULSD cargoes effective June 1, to include Gdynia and Gdansk in Poland.

Following market feedback, Platts understands that Gdynia and Gdansk are significant import locations for diesel and can easily accommodate Handysize vessels, while Poland charterparty options are readily available in Northwest Europe with ship owners willing to go to Poland for a small Worldscale freight premium.

The addition of these Polish ports to the ULSD CIF NWE assessment was first proposed on April 4, 2023: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/040423-platts-proposes-adding-gdynia-gdansk-to-ports-reflected-in-ulsd-cif-nwe-assessment.

Platts has started publishing bids and offers for Gdynia and Gdansk in the Platts Market on Close assessment process for CIF NWE ULSD Cargoes.

The following locations are now reflected: Belgium: Antwerp, Ghent; France: Bordeaux, Brest, Donges, Dunkirk, La Pallice, Le Havre, Lorient, Pauillac, Rouen; Germany: Bremen, Hamburg Kiel, Rostock, Wilhelmshaven; Ireland: Dublin; Netherlands: Amsterdam, Rotterdam; Poland: Gdynia, Gdansk; Spain: Bilbao, Gijon; UK: Belfast, Cardiff, Clydebank, Eastham, Grangemouth, Immingham, Londonderry, Milford Haven, Plymouth, Teesside, Thames, Tranmere.

The CIF NWE ULSD cargo assessment is published in Platts European Marketscan and page 1110 on the Platts Global Alert and Platts Refined Products Alert real-time services as well as in the Platts price database under the code AAVBG00.

Please send any feedback to Europe_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.