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Agriculture, Energy Transition, Maritime & Shipping, Refined Products, Biofuel, Renewables, Fuel Oil, Bunker Fuel
August 16, 2023
Platts, part of S&P Global Commodity Insights, will launch two new delivered-Rotterdam blended bio-bunkers assessments Oct. 2.
The growing interest in biofuels, coupled with the global move towards decarbonizing the shipping sector, are making Rotterdam an important bio-bunkers blending hub.
The new delivered-Rotterdam B30 bio-bunkers calculated assessments will reflect a ratio of 70% very-low-sulfur fuel oil (VLSFO) based on Platts FOB Rotterdam Marine Fuel 0.5% Barge $/mt assessment (PUMFD00) and 30% based on Platts FAME 0 FOB ARA RED $/mt assessment (AAWGI00) plus barging costs, and 70% VLSFO based on Platts FOB Rotterdam Marine Fuel 0.5% Barge $/mt assessment (PUMFD00) and 30% Platts UCOME FOB ARA RED /mt assessment (AUMEB00) converted to $/mt, plus barging costs.
The B30 FAME 0- and UCOME-VLSFO blends for bio-bunkers reflects industry feedback of the most common blending ratio and fuel types in the Rotterdam bio-bunkers market.
The assessments will reflect delivered Rotterdam bunker flat prices in $/mt, inclusive of barging and associated costs for delivery into the receiving vessel.
The assessments will be published on Platts Biofuels Alert, Biofuelscan, Bunkerwire, Bunkerwire Monthly and the Biomass-based Diesel Report, listed as:
Bio-Bunkers B30 Rotterdam UCOME
Bio-Bunkers B30 Rotterdam FAME 0
The assessments will reflect a 4:30 pm London time market close and follow the London publishing schedule.
Beyond the immediate scope of the launch, Platts is also considering introducing bio-bunker assessments in the Mediterranean and invites feedback on specifications and hubs in that region.
Please send any comments or 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.