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02 Sep 2015 | 05:38 UTC — London
Platts clarifies the discontinuation of its 380 CST and 180 CST Northwest European, Gibraltar, Algeciras and Malta low sulfur (1% sulfur) bunker fuel assessments with effect from September 1, 2015.
Platts will continue to assess low sulfur bunker fuel in the ports of Genoa and Piraeus, reflecting the continuation of regional coastal and domestic usage.
In January 2015, low sulfur fuel oil became largely redundant as a bunker fuel.
In the wake of the January 1, 2015, implementation of legislation from the International Convention for the Prevention of Pollution from Ships (MARPOL), which further limited the sulfur emissions from ships operating within any Emission Control Area to a maximum of 0.1% from the previous 1%, bunker demand for 1% sulfur fuel oil largely disappeared.
Demand for low sulfur bunker fuel has generally been replaced by demand for marine gasoil, or other similar, ultra low sulfur fuels.
Pockets of demand for 1% sulfur fuel oil across Europe still exist, though demand has drastically reduced.
Platts is maintaining its Genoa and Piraeus low sulfur bunker fuel assessments in order to reflect these pockets of demand specific to those two ports.
Platts will continue to publish assessments for marine gasoil (0.1% sulfur) for all of its existing European and African ports.
Platts will also continue to monitor the development of the emerging supply of new ultra low sulfur bunker fuels across Europe and Africa, demand and supply patterns for these fuels, and subscriber demand for new assessments.
Platts clarifies low sulfur bunker fuel assessments were published in Platts Bunkerwire and in Platts Global Alert.
For the list of affected assessments and their PGA codes, please see the table below.
CODE ASSESSMENT PGA PAGE MONTH CODE MONTH PGA PAGE AASTY00 Rotterdam 380 CST LS 1% PGA1850 AASTY03 PGA1861 AASUA00 Antwerp 380 CST LS 1% PGA1850 AASUA03 PGA1861 AASUM00 Dunkirk 380 CST LS 1% PGA1850 AASUM03 PGA1861 AASUC00 Hamburg 380 CST LS 1% PGA1850 AASUC03 PGA1861 AAVVZ00 Gothenburg 380 CST 1% PGA1870 AAVVZ03 PGA1871 AASUE00 Great Belt 380 CST LS 1% PGA1870 AASUE03 PGA1871 AASUG00 Gdansk LS 380 CST 1% PGA1870 AASUG03 PGA1871 AASUI00 St Petersburg LS 380 CST 1% PGA1870 AASUI03 PGA1871 AAVIW00 Gibraltar LS 380 CST 1% PGA1860 AAVIW03 PGA1861 AAXCZ00 Algeciras LS 380 CST 1% PGA1860 AAXCZ03 PGA1861 AARTD00 Malta LS 380 CST 1% PGA1860 AARTD03 PGA1861 CODE ASSESSMENT PGA PAGE MONTH CODE MONTH PGA PAGE AASTZ00 Rotterdam 180 CST LS 1% PGA1850 AASTZ03 PGA1851 AASUB00 Antwerp 180 CST LS 1% PGA1850 AASUB03 PGA1851 AASUN00 Dunkirk 180 CST LS 1% PGA1850 AASUN03 PGA1851 AASUD00 Hamburg 180 CST LS 1% PGA1850 AASUD03 PGA1851 AAVWA00 Gothenburg 180 CST 1% PGA1870 AAVWA03 PGA1871 AASUF00 Great Belt 180 CST LS 1% PGA1870 AASUF03 PGA1871 AASUH00 Gdansk LS 180 CST 1% PGA1870 AASUH03 PGA1871 AASUJ00 St Petersburg LS 180 CST 1% PGA1870 AASUJ03 PGA1871 AARSS00 Gibraltar LS 180 CST 1% PGA1860 AARSS03 PGA1861 AAXCZ00 Algeciras LS 180 CST 1% PGA1860 AAXDA03 PGA1861 AAXDA00 Malta LS 180 CST 1% PGA1860 AARTC03 PGA1861 Please send any further comments or questions to europe_products@platts.com and pricegroup@platts.com.
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