Platts, part of S&P Global Commodity Insights, is proposing the inclusion of the vessel Southern Emperor as an additional loading point in its Singapore Market on Close assessment process for cargo and ex-wharf bunkers for marine fuel 0.5% and 380 CST HSFO from May 30, 2025.
Southern Emperor (IMO 9294068) is operated by Southern Ace Marine Sdn. Bhd. as a floating storage unit at Kukup, Malaysia.
There are currently 11 FSUs approved as additional loading points in the FOB Singapore cargo and ex-wharf bunkers MOC process for marine fuel 0.5% and 380 CST HSFO. 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 S&P Global for publishing.
Any offer of oil from vessels accredited for the FOB Singapore cargo and ex-wharf bunkers MOC process for marine fuel 0.5% and 380 CST HSFO would be on FOB FSU basis.
Sellers cannot unilaterally nominate an approved vessel as a loading point in FOB Straits trades.
Please send all feedback and comments by May 2, 2025 to [emailprotected] and [emailprotected].
For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing.
S&P Global will consider all comments received and make comments not marked as confidential available upon request.
Source: Platts
