Platts proposes to amend volumes for Panama bunkers assessments

S&P Global Platts proposes to amend the ex-wharf volumes assessed for Panama bunkers for Marine Fuel 0.5%S and IFO 380, and establish a minimum and maximum volume for MGO, effective Nov. 1, 2021.

Platts is proposing to change the ex-wharf volume range for all Panamanian assessments of Marine Fuel 0.5%S and IFO 380 to 500-1,000 mt. The current range is 500-1,500 mt for Balboa, Cristobal and the Panama Canal, which reflects the lower of the two ports on occasions when the two diverge.

Platts is proposing to establish a minimum and maximum range for MGO in Panama of 100-150 mt. Currently Platts reflects a typical size of 150 mt for Balboa, Cristobal and the Panama Canal.

The proposal follows extensive feedback from the market and a review of Platts' published heards. Platts understands that bunkers prices can vary on an ex-wharf basis by volume, and the narrower volume ranges were chosen to reflect a significant proportion trading activity while providing more precise assessments.

Please send all questions and comments to oilgroup@spglobal.com and pricegroup@spglobal.com by Sept. 3, 2021.

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.