Platts to include Global M in Singapore Marine Fuel 0.5% MOC from May 18

S&P Global Platts will include the Global M as an additional loading point in the FOB Singapore Marine Fuel 0.5% assessment process from May 18, 2021.

Global M (IMO 9165932) is operated by Sentek Marine & Trading as a floating storage unit at Tanjung Pelepas within Tanjung Pelepas Port Limit in southern Malaysia's Johor state.

There are currently 10 FSUs approved as additional loading points in the Platts FOB Singapore fuel oil and marine fuel assessment process. The standards applicable to approved FSUs require that sellers specifically name the vessel used as a loading point at the time of submitting offers to Platts for publishing.

Any offer of oil from vessels accredited for the FOB Singapore fuel oil and marine fuel assessment process would be on FOB FSU basis. Sellers cannot unilaterally nominate an approved vessel as a delivery point in FOB Straits trades.

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