S&P Platts Global launching LNG bunkering assessments

With the growth in LNG as a marine fuel S&P Platts Global is launching price assessments for LNG bunkering from 2 September.

The assessments will be launched for two of the world’s largest bunkering ports – Singapore and Rotterdam – and will be priced in dollars per MMBtu and dollars per mt in Singapore, while the Rotterdam assessments will be published in EUR per MWh and dollars per mt.

With the IMO 2020 0.5% sulphur cap for marine fuels coming into force next year S&P Platts Global sees major growth in LNG as fuel to 15m tons per year over the next decade.

Read more: 6 critical triggers for LNG as a bunker fuel

Ciaran Roe, global director of LNG pricing, S&P Global Platts, said: “We’re pleased to launch these new assessments covering the nascent but fast growing LNG bunker market and leveraging Platts capabilities in marine fuel and LNG. This is especially timely as the industry is grappling with the impact of the IMO 2020 regulations.”

Posted 29 August 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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