Platts proposes to revise bunker fuel consumption for Conventional and Carbon-Inclusive Base Rates and EUA charges effective July 1

Platts, part of S&P Global Energy, proposes to revise bunker fuel consumption for yearly and dynamic Conventional Base Rates, Carbon-Inclusive Base Rates and EUA charges for 532 assessed routes that involve Emission Control Areas and non-ECA distances, effective July 1.

The calculations would reflect the use of compliant fuel, in line with the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI, Regulation 14, which establishes a Sulfur limit of 0.5% for fuel oil used outside ECAs and 0.1% Sulfur within ECAs.

Currently, bunker fuel consumption is calculated using the compliant fuel applicable to the ECA or Non-ECA segment that predominates within the total distance of the voyage.

The adjustment would now reflect the bunker fuel consumption based on updated ECA and Non-ECA distances for all assessed routes, including the designation of the Mediterranean Sea as an Emission Control Area under the MARPOL Annex VI on May 1, 2025.

Additionally, bunker fuel costs for routes starting East of Suez would consider Low Sulphur Marine Gasoil 0.1% Dlvd. Singapore for ECA distances. The dynamic Base Rates would be calculated using the spot price (symbol code AAXYO00), and the yearly Base Rates would consider an average of AAXYO00 from Oct. 1, 2024, to Sept. 30, 2025, for implied routes.

Bunker fuel prices for both yearly and dynamic Base Rates remain unchanged, as established at the launch of the 2026 yearly Base Rates. The corresponding subscriber note can be found here.

This change would affect the compliant fuel consumption for 532 assessed routes, from the suite of 1,271 assessed routes.

Please send all comments or questions to tankers@spglobal.com and pricegroup@spglobal.com by June 2.

For written comments, please indicate clearly if they 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.