Platts launches Rotterdam B30 bio-bunkers assessments

Platts, part of S&P Global Commodity Insights, has launched two new delivered-Rotterdam blended bio-bunkers assessments, effective Oct. 2, 2023.

The growing interest in biofuels, coupled with the global move toward decarbonizing the shipping sector, are making Rotterdam an important bio-bunkers blending hub.

The new delivered-Rotterdam B30 bio-bunkers calculated assessments 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 reflect industry feedback on the most common blending ratio and fuel types in the Rotterdam bio-bunkers market.

The assessments reflect delivered Rotterdam bunker flat prices in $/mt, inclusive of barging and associated costs for delivery into the receiving vessel.

The assessments are published on Platts Biofuels Alert PBF2500 and PBF2502, 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 reflect a 16:30 pm London time market close and follow the London publishing schedule.

Beyond the immediate scope of this launch, Platts is also considering introducing bio-bunker assessments in the Mediterranean and inviting feedback on specifications and hubs in that region.

The decision to launch the assessments was outlined in an Aug. 16 subscriber note available at https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/081623-platts-to-launch-rotterdam-b30-bio-bunkers-assessments-oct-2

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