Platts to include FSU "SA Jewel" in Singapore fuel oil cargo, ex-wharf bunker MOC following name, flag, and ownership change

Platts, part of S&P Global Commodity Insights, will include the vessel "SA Jewel" following a change in name, flag, and ownership. In a subscriber note published Sept. 24, Platts had confirmed after a review the inclusion of the vessel as an additional loading point in its Singapore Market on Close assessment process for fuel oil cargo and ex-wharf bunker for marine fuel 0.5% and 380 CST HSFO from Oct. 22, 2025.

Bahamas-flagged SA Jewel (IMO 9244867) was formerly known as "A Jewel" and was registered under the flag state of Cook Islands. The vessel has also changed ownership from Minsheng Qixing (Tianjin) Shipping Leasing Company Limited to Global VE Trading Pte. Ltd. The vessel continues to be operated by Southern Ace Marine Sdn. Bhd. as a floating storage unit at Kukup, Malaysia.

There are currently 11 FSUs approved as additional loading points in the FOB Straits fuel oil cargo and ex-wharf Singapore bunker MOC for marine fuel 0.5% and 380 CST HSFO. The standards applicable to approved FSUs require that sellers specifically name the ship used as a loading point at the time of submitting offers to Platts for publishing.

Any offer from vessels accredited for the FOB Straits fuel oil cargo and ex-wharf Singapore bunker MOC for marine fuel 0.5% and 380 CST HSFO would be on FOB FSU basis.

Sellers cannot unilaterally nominate an approved ship as a loading point in FOB Straits trades.

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