SUBSCRIBER NOTE: Platts updates European fuel oil netbacks for 2018

The following changes have been made across Platts fuel oil price assessments for the Europe and Africa region to reflect the latest Worldscale freight rates for 2018. The changes take effect January 2, 2018.

LSFO

Effective January 2, 2018, S&P Global Platts is updating all its Worldscale annual flat rates for LSFO cargoes, in Northwest Europe and the Mediterranean.

The flat rate used to calculate CIF NWE LSFO cargoes as a freight netforward from FOB NWE LSFO cargoes will be $5.88/mt.

The flat rate used to calculate CIF Med LSFO cargoes as a freight netforward from FOB NWE LSFO cargoes, in the absence of other daily bid/offer/trades information, will be $9.74/mt.

The flat rate used to calculate FOB Med LSFO cargoes as a freight netback from CIF Med LSFO cargoes will be $5.24/mt.

HSFO

Effective January 2, 2018, S&P Global Platts is updating all its Worldscale annual flat rates for HSFO cargoes, in Northwest Europe and the Mediterranean.

The flat rate used to calculate FOB NWE HSFO cargoes (basis Baltics) as a freight netback from CIF NWE HSFO cargoes (basis Rotterdam) becomes $7.54/mt.

The Rotterdam harbor dues used will be $0.80/mt.

The flat rate used to calculate FOB Med HSFO cargoes as a freight netback from CIF Med HSFO cargoes becomes $5.42/mt.

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