Platts to update barging rate for Houston, New Orleans bunkers assessments

In line with the previously announced change to the ex-wharf and delivered volumes assessed for the Houston and New Orleans bunkers markets, S&P Global Platts has amended its barging rates and established a new typical volume in these ports effective Nov. 1.

Platts announced the decision Sep. 30 to amend the ex-wharf and delivered volumes for Houston and New Orleans Marine Fuel 0.5%S and IFO 380, and establish a minimum and maximum volume for MGO in these ports on Nov. 1: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/093021-platts-to-amend-volumes-for-houston-new-orleans-bunkers-assessments.

Platts publishes daily barge rates in these ports based on the lump-sum cost of delivering bunker fuel, adjusted to a per metric ton basis by dividing by typical delivered volumes. In line with the upcoming volume change, Platts will adjust the barging rate to reflect the new tonnages.

Beginning Nov. 1, Platts will determine the typical volume reflected in the barge rate for Houston and New Orleans by combining the midpoint of the new range for MGO with the midpoint of the new range for Marine Fuel 0.5%S and IFO 380.

The affected codes are:

AARUF00

AARUG00

Please send all questions and comments to oilgroup@spglobal.com and pricegroup@spglobal.com.

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.