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Platts proposes to discontinue USAC, USGC 0.1% ultra low sulfur bunker assessments

S&P Global Platts proposes to discontinue the Houston and New York ultra low sulfur 0.1% ex-wharf bunkers assessments, effective April 1, 2020.

The assessments were originally launched in line with the expected emergence of an ultra low sulfur residual bunkers market following the 2015 regulatory limit on sulfur content to 0.1% for marine fuel in ships within 200 miles of shore in the North American Emissions Control Area.

However, as this market has evolved, it has become clear that ship owners have preferred to consume 0.1% marine gasoil compliant fuel in ECA zones, and market feedback is that residual blends of 0.1% ultra low sulfur bunkers in these locations are illiquid and uncommon.

These assessments are published in Bunkerwire and Bunkerwire Monthly and on pages 862 and 863 of Platts Global Alert and pages 2220 and 2221 of Platts Shipping Alert. In Bunkerwire and Bunkerwire Monthly, they appear under the table titled US and Canada, Ex-wharf, LS 0.1% Bunker.

The codes for the ports are:

Bunker Fuel Low Sulfur 0.1%S Ex-Wharf New York AANBF00

Bunker Fuel Low Sulfur 0.1%S Ex-Wharf Houston AATBF00

Please provide comments or feedback to americas_products@spglobal.com and pricegroup@spglobal.com by January 17, 2020.

For written comments, please provide a clear indication if comments 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.