Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

Price Assessment

Marine Fuels

  • What is Marine Fuel 0.5%?
  • How we assess Marine Fuel 0.5%
  • Marine Fuel 0.5% ⁠- Barges/Cargoes ⁠- Americas & International
  • Marine Fuel 0.5% - Derivatives
  • Marine Fuels Special Reports and Insights
  • Oil Price Assessment Catalog
  • Marine Fuels Subscriber Notes

What is Marine Fuel 0.5%?

Marine fuels 0.5% is a new blend of fuel designed for use worldwide once the global sulfur limit drops to that level in January 2020. A wide range of these blends is likely to emerge with varying specifications.

Interregional trade flow balances

How we assess Marine Fuel 0.5%

Platts assessment process for 0.5% marine fuel is the same as high sulfur fuel oil (HSFO) – 3.5% sulfur fuel oil, marine gasoil (MGO), ultra-low-sulfur fuel oil (ULSFO).

Marine fuel 0.5% price assessments reflect the tradable, repeatable spot market value of the most competitive grades in Europe, US, and Asia at the close.

We publish bids, offers, expressions of interest to trade, and confirmed trades during our Market on Close assessment process every day. This information is summarized in our daily newsletters and is published in full on our real-time information service, Platts Global Alert.

Marine Fuel 0.5% ⁠- Barges/Cargoes ⁠- Americas & International



Americas


S&P Global Platts will only publish bids, offers and intents to trade for the Platts Market on Close assessment process for marine fuel 0.5% on a $/Mt basis effective July 1, 2019.

Platts will continue to publish the existing USGC and USAC assessments for marine fuel 0.5% on a $/b basis and will derive these assessments by converting the $/mt assessments using the existing conversion rate of 6.35B/mt.

Platts will continue to review the conversion rate as the market and specifications evolve. There will be no change to the existing USGC HSFO assessment or any other Platts residual fuel oil assessments in the Americas, which will continue to be published in $/b.



International


As of January 2, 2019, S&P Global Platts launched a suite of new daily assessments for cargoes and barges around the globe for residual marine fuels that reflect a maximum sulfur limit of 0.5%.

The launch of cargo and barge assessments came 12 months ahead of the IMO's new global sulfur limit –in response to strong demand from market participants around the world for visibility into how this new fuel will be valued by the market.

S&P Global Platts received feedback from a cross-section of stakeholders including refiners, shipowners, physical suppliers, traders, exchanges, government agencies, brokers, storage terminal owner/operators, and utility companies. Following extensive consultation, on March 26, 2018, the methodology and specifications were announced for the cargo assessments to be launched at the start of 2019.

The new cargo and barge assessments are named "Marine Fuel 0.5%", and are being published for product loading from the key hubs of Singapore, Fujairah, Rotterdam, Houston, and New York Harbor.

The new assessments reflect specifications for RMG fuels as defined by the International Organization for Standardization (ISO) 8217:2010 specifications, but with a sulfur cap of 0.5%. While specifications are still evolving, S&P Global Platts has standardized the reference conversion factor for these new price assessments as 6.35 barrels per metric ton, aligned with the conversion factor for other fuel oil assessments at these locations.

The new assessments reflect existing parameters for volume, delivery period, size, and pricing basis for HSFO cargoes in Singapore and Fujairah, and HSFO barges in Houston, New York Harbor, and Rotterdam. While S&P Global Platts reported bids and offers for this fuel in January, these new markets are for the moment generally thinly traded. In the absence of an active spot market, the new assessments reflect the tradeable value of low sulfur marine fuels, established using the information on blend economics from related fuels as an important reference point.

Our 0.5% sulfur marine fuel assessments can be accessed on Platts Global Alert using the codes below:

AMFSA00 (Singapore) AMFFA00 (Fujairah) PUMFA00 (Rotterdam)

AUGMA00 (US Gulf Coast) AUAMA00 (US Atlantic Coast)

Marine Fuel 0.5% - Derivatives

On May 2, S&P Global Platts has launched assessments for financially settled derivatives contracts that settle against its physical Marine Fuel 0.5% assessments in Asia, the Middle East, Europe, and the US.

The derivatives assessments reflect contracts that settle against the average of the respective underlying physical assessment in each region that are listed below. The metric ton-to-barrel conversion factor for the derivatives contracts is 6.35 -- in line with the conversion factor for Platts physical Marine Fuel 0.5% assessments and with the prevailing qualities of fuel oil.

ASIA: The underlying physical assessment is "FOB Singapore Marine Fuel 0.5%" (Price database code: AMFSA00). Platts publishes derivatives assessments for balance month, 12 subsequent months, inter-month spreads and four quarters from the month of publication. In addition, Platts publishes a MOPS strip for Marine Fuel 0.5% as well as a FOB Singapore Marine Fuel 0.5% differential to the strip.

MIDDLE EAST: The underlying physical assessment is "FOB Fujairah Marine Fuel 0.5%" (Code: AMFFA00). Platts publishes derivatives assessments for balance month and two subsequent months. In addition, Platts publishes a MOPFUJ strip for Marine Fuel 0.5% as well as a FOB Fujairah Marine Fuel 0.5% differential to the strip.

EUROPE: The underlying physical assessment is "FOB Rotterdam Marine Fuel 0.5% Barge" (Code: PUMFD00). Platts publishes derivatives assessments for balance month, 24 subsequent months, inter-month spreads, eight quarters and two calendar years from the month of publication. In addition, Platts publishes the differential to FO 3.5% FOB Rotterdam Barge derivatives and crack values relative to Brent 1st Line Swaps for the same period.

Marine Fuels Subscriber Notes

01 Jul 2019
SUBSCRIBER NOTE: Platts launches Marine Fuel 0.5% bunker assessments globally on July 1

03 Jun 2019
SUBSCRIBER NOTE: Platts includes KM Galena Park for USGC Marine Fuel 0.5%S

SUBSCRIBER NOTE: Platts amends Asia bunker assessment methodology

22 May 2019
SUBSCRIBER NOTE: Platts to launch Marine Fuel 0.5% bunker assessments globally from Jul 1

21 May 2019
SUBSCRIBER NOTE: Platts considers CS Brilliance as delivery point in Singapore HSFO MOC

16 May 2019
SUBSCRIBER NOTE: Platts reaffirms merchantability of Marine Fuel 0.5%S in MOC

SUBSCRIBER NOTE: Platts to include KM Galena Park for USGC 0.5%S assessment

SUBSCRIBER NOTE: Platts to publish IMO-compliant bunker assessments at Zhoushan from Jul 1

09 May 2019
SUBSCRIBER NOTE: Platts proposes new $/mt assessments, MOC process for US marine fuel 0.5%S

02 May 2019
SUBSCRIBER NOTE: Platts launches Marine Fuel 0.5% derivatives assessments

17 Apr 2019
SUBSCRIBER NOTE: Platts to amend Asia bunker assessment methodology

15 Apr 2019
SUBSCRIBER NOTE: Platts to reflect new CN code in Europe LSFO assessments

08 Apr 2019
SUBSCRIBER NOTE: Platts to publish Marine Fuel 0.5% derivatives from May 2, 2019

01 Apr 2019
SUBSCRIBER NOTE: Platts discontinues Asia LSWR assessments from April 1, 2019

29 Mar 2019
SUBSCRIBER NOTE: Platts recommends LSWR differentials to Singapore Marine Fuel 0.5%

01 Feb 2019
SUBSCRIBER NOTE: Platts switches Rotterdam 0.1% bunker fuel specification to RMD 80

SUBSCRIBER NOTE: Platts reduces max sulfur content for Durban MGO bunkers assessment

SUBSCRIBER NOTE: Platts launches new 0.1% sulfur marine gasoil assessment at Algoa Bay

SUBSCRIBER NOTE: Platts launches new 0.1% sulfur bunker fuel assessment at St. Petersburg

SUBSCRIBER NOTE RESEND: Platts includes 2 vessels as delivery points in Singapore HSFO

18 Jan 2019
SUBSCRIBER NOTE: Platts to publish one-time differentials for Asia LSWR to Marine Fuel 0.5%

09 Jan 2019
SUBSCRIBER NOTE UPDATE: Platts launches Marine Fuel 0.5% sulfur cargo, barge assessments

04 Jan 2019
SUBSCRIBER NOTE: Platts to include two vessels as delivery points in FOB Singapore HSFO assessments

SUBSCRIBER NOTE: Platts amends LSFO CIF Mediterranean 2019 freight basket

02 Jan 2019
SUBSCRIBER NOTE: Platts launches USAC 0.5%S marine fuel assessment from January 2, 2019

SUBSCRIBER NOTE: Platts reflects ISO 2010 in bunker, cargo assessments from Jan 2, 2019

SUBSCRIBER NOTE: Platts reflects ISO 2010 in bunker, cargo assessments from Jan 2, 2019


Methodology and Specifications

See all oil methodologies
See all oil methodologies

Products and Services

See all oil products
See all oil products