02 Nov 2015 | 06:47 UTC — Singapore

SUBSCRIBER NOTE: Platts to launch Busan, Colombo bunker assessments

Platts will launch assessments for 380 CST and 180 CST bunker fuel and Marine Gasoil in South Korea's Busan port and Sri Lanka's Colombo port with effect from January 4, 2016.

The new assessments will reflect specifications conforming to ISO 8217: 2005.

The 380 CST and 180 CST delivered bunker assessments will reflect material that generally conforms to that for RMG 380 and RME 180, and the MGO assessment will reflect material that conforms with that for DMA.

The new assessments will reflect material for delivery at port 3-7 days from the day of publication, and for deliveries of 500-1,500 mt for 380 CST and 180 CST bunker fuel, and minimum 50 mt for MGO.

The new Busan assessment will typically be assessed at parity to Platts' existing South Korean assessments.

Platts expects to publish these new assessments in Bunkerwire and Marine Alert, with pages and market database symbols to be announced in due course.

Specification and assessment parameters will be detailed in Platts' Asia Refined Oil Products Methodology and Specifications Guide.

Platts welcomes all feedback and questions to pl_asia_oilproducts@platts.com and pricegroup@platts.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.