S&P Global Platts proposes to begin publishing daily price assessments for IMO-compliant Marine Fuel 0.5% bunkers on a delivered basis at several ports, from December 2, 2019.
Platts proposes new Marine Fuel 0.5% bunker assessments at the following ports: Antwerp, Gothenburg, Hamburg, Istanbul, Las Palmas, Novorossiisk and St. Petersburg.
Platts assessments at European and African ports reflect product supplied 1-8 days forward from the date of publication. Typical sizes vary from port to port, but are generally between 300 mt to 1,000 mt. Sizes defined for specific assessments are typical, not minimums and maximums. However, trades reported for volumes outside typical ranges may be considered atypical when assessing standard tradable volumes.
In line with Platts' existing Marine Fuel 0.5% cargo assessments, the new IMO-compliant bunker fuel assessments will reflect specifications for RMG fuels as defined by the International Organization for Standardization in document ISO 8217:2010 Petroleum products -- Fuels (class F) -- Specifications of marine fuels, but with a maximum sulfur limit of 0.5%.
Platts will continue to review the publication of high sulfur bunker fuel assessments at locations where they currently exist.
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