Agriculture, Energy Transition, Biofuel, Renewables
October 01, 2025
Platts launches B30 Singapore biobunker assessments, updates B24 LSFO volume
Platts, part of S&P Global Commodity Insights, has launched the B30 Singapore biobunkers assessments and updated the volume specification for the existing B24 low sulfur fuel oil (LSFO) assessments, to better reflect current market dynamics, effective Oct. 1, 2025.
B30 Biobunkers Singapore
The new B30 assessments reflect the marine fuel blend of 30% biodiesel with low sulfur and high sulfur fuel oil respectively delivered in Singapore. Platts publishes the market-based assessments as differentials to the respective Platts fuel oil FOB Singapore cargo assessments, and as outright values. The other specifications match those of the existing equivalent B24 biobunkers assessments.
The assessment specifications are as follows:
| Assessment | Symbol | Pricing basis | Contract basis | Delivery period | Volume |
| B30 LSFO Singapore Biobunkers Outright Price | LSFOS00 | Outright | Delivered | 10- 20 days forward | 500 – 1, 5 00 mt |
| B30 LSFO Singapore Biobunkers Premium | LSFOP00 | Differential to Marine Fuel 0.5% FOB Spore Cargo (AMFSA00) | Delivered | 10- 20 days forward | 500 – 1, 5 00 mt |
| B30 HSFO Singapore Biobunkers Outright Price | HSFOS00 | Outright | Delivered | 10- 20 days forward | 1,000 – 2,000 mt |
| B30 HSFO Singapore Biobunkers Premium | HSFOP00 | Differential to FO 380 CST 3.5%S FOB Spore Cargo (PPXDK00) | Delivered | 10- 20 days forward | 1,000 – 2,000 mt |
Other delivery periods and volumes may be considered in the Platts Market on Close assessment process and normalized back to the above specifications.
The assessments reflect specification standards in line with the ISO 8217:2017. Platts recognizes the latest ISO 8217:2024 specifications for marine fuels and considers indications using this standard within the assessment.
The biobunker stems considered for the new Singapore biobunker assessments must reflect bio-components that hold proof of sustainability obtained in the framework of voluntary schemes approved by the European Commission, such as ISCC.
In addition, the biobunker stems must specify a minimum of 84% GHG savings for the biofuel component, which is equivalent to the default emissions value of 14.9 gCO2eq/MJ against the 94 gCO2eq/MJ comparator, under the EU Renewable Energy Directive.
Platts will not consider biobunkers that use palm oil methyl ester as a biocomponent.
The new daily biobunkers assessments are timestamped to 5:30 pm Singapore time market close and follow the Platts Singapore publishing schedule.
Platts spot price assessments consider market information reported to Platts, which it publishes throughout the day, including firm bids and offers, transactions and indications of value. In the absence of observable spot market activity, Platts may consider other verifiable data reported.
The assessment is published on Platts Biofuels Alert, in the Bunkerwire Report, Biofuelscan Report and Biomass-Based Diesel Report.
B24 Biobunkers LSFO Singapore
In addition, Platts has updated the volume of its current B24 biobunkers LSFO Singapore assessments (LSFOB00 and LSFOO00) to 500-1,500 mt, from 500-1,000 mt, effective Oct. 1. Other specifications of the existing B24 LSFO assessments remain unchanged.
The new assessments launch and change in specifications were first proposed on Aug. 14, followed by a decision note published on Sept. 3.
Please send any further questions, comments or feedback to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.
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