Platts discontinues several Asia, Middle East high sulfur bunker assessments

S&P Global Platts has discontinued several Asia-Pacific and Middle East delivered high sulfur bunker fuel assessments from Nov. 2, 2020.

Platts has discontinued delivered 380 CST and 180 CST bunker assessments at Mumbai, Colombo, Kuwait and Khor Fakkan; and 380 CST and 180 CST bunker assessments at Melbourne and Sydney.

Following the introduction of a sulfur limit of 0.5% in marine fuels by the International Maritime Organization from Jan. 1, 2020, Platts has observed greater compliance to the IMO regulations at more locations, where the market has mostly transitioned away from high sulfur fuel oil to trade bunker fuel with maximum 0.5% sulfur content.

Subsequent to the discontinuation of 380 CST bunker assessments at Melbourne, Mumbai, Colombo, Kuwait and Khor Fakkan, Platts continues to publish values for the grade at these five locations in Bunkerworld as Average Price Indications.

Platts publishes Average Price Indications for a variety of ports and grades where there is less liquidity and where no assessment is published. For API ports where there are no fresh price points entered on a given day, the API may be designated as a dependent price, and would be generated based on the last known differential between the API and a correlated port or more liquid fuel oil benchmark.

Platts has stopped publishing the assessments listed below in Platts Bunkerwire, Bunkerwire Monthly, and in Platts Bunker Alert pages 2850, 2851, Platts Shipping Alert pages 210 and 211, from Nov. 2. These assessments now appear in the Bunkerworld publication and will be available there under their existing codes.

Assessment Code MAvg

Melbourne 380 CST PUAWL00 PUAWL03

Mumbai 380 CST AASSH00 AASSH03

Colombo 380 CST PUAGS00 PUAGS03

Kuwait 380 CST PUAEY00 PUAEY03

Khor Fakkan 380 CST PUAEX00 PUAEX03

Sydney 180 CST PUAEA00 PUAEA03

Mumbai 180 CST AASSG00 AASSG03

Colombo 180 CST PUAGR00 PUAGR03

Kuwait 180 CST PUACP00 PUACP03

Khor Fakkan 180 CST PUACO00 PUACO03

Separately, Platts launched delivered marine fuel 0.5% and marine gasoil 0.1% assessments at Sydney, Melbourne, Mumbai, Colombo, Kuwait and Khor Fakkan on Sept. 1, 2020: http://plts.co/Z6yW30rh4LH

Please send any further questions or comments to asia_products@spglobal.com and pricegroup@spglobal.com.

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