SUBSCRIBER NOTE: Platts launches Singapore, Rotterdam bunker in LNG equivalent units

S&P Global Platts has launched daily delivered bunker fuel prices in their LNG equivalent units of $/MMBtu in Singapore and in Eur/MWh in Rotterdam from December 2, 2019.

These prices, which will be converted from Platts' existing price assessments of Marine Fuel 0.5% and 380 CST bunker at Singapore and Rotterdam, and low sulfur 0.1% delivered bunker prices at Rotterdam, are to provide a comparison for LNG used as a marine fuel at these two major bunkering hubs.

Platts first announced the decision in a subscriber note published October 3, 2019: http://plts.co/GXlH30pWQ6r. In Singapore, the Marine Fuel 0.5% delivered bunker fuel assessment (price database code MFSPD00) will be converted to $/MMBtu using a conversion factor of 38.643. The daily 3.5% sulfur 380 CST delivered bunker fuel assessment (PUAFT00) will be converted to $/MMBtu using a conversion factor of 37.742. These bunker fuel assessments are published at the 5:30 pm Singapore close.

In Rotterdam, both Marine Fuel 0.5% (MFRDD00) and low sulfur 0.1% (AARBF00) delivered bunker fuel assessments will be converted to Eur/MWh using a conversion factor of 11.322 and daily currency exchange rate (AACOP00) published by Platts. The 3.5% sulfur 380 CST delivered bunker fuel assessment (PUAFN00) will be converted to Eur/MWh using a conversion factor of 11.058 and the same currency exchange rate. These bunker fuel assessments are published at the 4:30 pm London close.

The new delivered bunker fuel prices in their LNG equivalent units and their price symbol codes are as follow:

Description Code

Marine Fuel 0.5% bunker Dlvd Singapore $/MMBtu FOLNB00

Marine Fuel 0.5% bunker Dlvd Singapore $/MMBtu MAvg FOLNB03

Bunker FO 380 CST Dlvd Singapore $/MMBtu FOLNA00

Bunker FO 380 CST Dlvd Singapore $/MMBtu MAvg FOLNA03

Marine Fuel 0.5% Bunker Dlvd Rotterdam Eur/MWh FOLND00

Marine Fuel 0.5% Bunker Dlvd Rotterdam Eur/MWh MAvg FOLND03

Bunker Fuel Low Sulfur 0.1%S Dlvd Rotterdam Eur/MWh FOLNE00

Bunker Fuel Low Sulfur 0.1%S Dlvd Rotterdam Eur/MWh MAvg FOLNE03

Bunker FO 380 CST 3.5% Dlvd Rotterdam Eur/MWh FOLNC00

Bunker FO 380 CST 3.5% Dlvd Rotterdam Eur/MWh MAvg FOLNC03

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

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