Platts considers Tanjung Bin for Singapore MOC

Platts is considering a proposal to reflect deliveries from the ATB Tanjung Bin Terminal in the southern Malaysian state of Johor in its benchmark FOB Singapore assessments for fuel oil, middle distillates and gasoline.

Under Platts methodology, certain approved alternative locations may be used for offers of oil published during the Market on Close assessment process. The loadpoint must be clearly stated at the time of such an offer being communicated to Platts for publication.

Platts currently reflects loadings from Pasir Gudang, Tanjung Langsat and from certain floating storage units in its FOB Singapore assessment process. If approved, Tanjung Bin would join those as an alternative delivery location, and be subject to the same performance requirements and normalization processes.

The terminal has five berths, with the largest able to accommodate a VLCC, with maximum draft of 17 meters. The jetty carries four, 30-inch fuel oil pipelines and an additional six, smaller pipelines for clean products.

Fuel oil can be loaded at a rate of 7,500 cu m/hour, middle distillates at 7,000 cu m/hour and light ends at 5,500 cu m/hour.

The new terminal will have an initial storage capacity of 841,000 cubic meters over 41 tanks, though a second stage could add an additional 820,000 cu m.

Please send initial comments or questions by August 24 to asia_oilproducts@platts.com and pricegroup@platts.com.