Platts to discontinue European LSFO bunker assessments from Oct. 6

S&P Global Platts will discontinue its low sulfur fuel oil 380 CST bunker fuel assessments in Piraeus and Genoa from Oct. 6, 2021.

Platts understands that there has been a marked decline for low sulfur fuel oil for bunker fuel use, along with a decline in its regional production following the implementation of IMO 2020, the sulfur cap reduction mandate on marine fuels which means that the product can only be used in combination with scrubber technology.

This decision follows a proposal note published on June 8, which can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/060821-platts-proposes-to-discontinue-its-european-lsfo-bunker-assessments.

The affected assessments are as follows:

Assessment Code/Monthly Avg

Bunker FO 380 CST Piraeus LS 1% (Ex-Wharf) AARTF00/AARTF03

Bunker FO 380 CST 1.0% Genoa (Ex-Wharf) AARSR00/AARSR03

These assessments appear in Platts Bunkerwire, Bunkerwire Monthly, on Platts Bunker Alert pages 1860 and 1861, Platts Shipping Alert pages 1220 and 1221, and in the Platts price database under the codes above.

Please send all questions and comments on this decision to PL_Residualfuelseurope@spglobal.com and pricegroup@spglobal.com by Sept. 6.

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.