Platts

Platts Launches Carbon-Accounted Assessments for Container Shipping

Platts, part of S&P Global Commodity Insights, has announced the launch of daily carbon-accounted container freight assessments on 10 key routes from March 1, 2023—a move aimed at providing more transparency into the developing market for carbon emissions in shipping. The new assessments will reflect the additional cost required to offset 100% of the carbon dioxide emissions from ships through the European Union’s Emissions Trading System (ETS). In other words, the assessments aim to provide...

https://gcaptain.com/platts-launches-carbon-accounted-assessments-for-container-shipping/

Platts To Exclude Russian Oil From Asia Fuel Oil

Credit: Venti Views/Unsplash

Commodities pricing agency S&P Global Platts will be excluding Russian-origin material from its assessments of fuel oil cargoes and bunker fuel in Asia and the Middle East from March 1, the company said in a note to subscribers, says an article published on Reuters.

Earlier consultation

The decision came after an earlier consultation by Platts to review the merchantability of Russian material in Asian high-sulphur and low-sulphur fuel oil and bunker markets.

It added...

https://mfame.guru/platts-to-exclude-russian-oil-from-asia-fuel-oil/

Container shipping rates still falling: What will be the new normal?

photo of container ship; rates are normalizing but still very high

Which of these two is happier? Someone who wins $3 million in the lottery then blows $2 million in Vegas, or someone who wins $1 million in the lottery and puts it in the bank?

Containerized cargo shippers face the reverse emotional scenario. Who’s more content? A shipper who’s used to paying $1,500 per forty-foot equivalent unit and suddenly sees rates quintuple to $7,500? Or one who paid $1,500 per FEU for years, suddenly got slammed with crippling rates of $20,000 per FEU including premium...

https://www.freightwaves.com/news/container-shipping-rates-still-falling-what-will-be-the-new-normal

[Podcast] Rising Bunker Fuel Costs Vs Tanker Shipowners’ Earnings

While demand for tankers of clean and dirty oil products has yet to recover fully from the pandemic, prices of bunker fuels have been rising to 16-month highs, thus threatening the profitability of the shipping industry and making shipowners less willing to offer a certain number of loss-making routes.

In this episode of the Oil Markets Podcast, S&P Global Platts reporters Britt Russell-Webster and Chris To discuss with Tamara Sleiman the reasons behind the bullishness in crude oil futures.



https://mfame.guru/podcast-rising-bunker-fuel-costs-vs-tanker-shipowners-earnings/

Key Indicators in the Asia Residual Fuel Market : May 17-21

Traders have said some storage costs of unsold oil are being offset, especially with weak bunker demand in Singapore, as the Asian low sulfur fuel oil market June/July contango widens, according to bunker suppliers says an article published in Platts.

The Asian high sulfur fuel oil market was witnessing contrasting indications of demand for power generation from the Middle East, led by Saudi Arabia, while heavy showers, rising infections, and falling demand in Sri Lanka cast a bearish sentiment.

M...

https://mfame.guru/key-indicators-in-the-asia-residual-fuel-market-may-17-21/

Why Asian Buyers Seek More Permanent Protection in Their LNG Contracts?

The price extremes of the Asian LNG market in the past year, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed, reports Platts.

What is the reason behind?

The price extremes of the Asian LNG market in the past year, due to the pandemic-driven demand destruction of 2020 and winter demand spike of early 2021, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed.

Buyer...

https://mfame.guru/why-asian-buyers-seek-more-permanent-protection-in-their-lng-contracts/

LNG Spot Price & Tanker Rates Unusually High

Asian spot prices for liquefied natural gas (LNG) and shipping rates to carry the super-chilled fuel soared to unusual highs last week, reports Nasdaq.

What is the reason?

According to industry sources, Asian spot prices for liquefied natural gas (LNG) and shipping rates to carry the super-chilled fuel soared to unusual highs on the back of strong demand to restock gas inventories in Europe and Asia.

Highest spot price 

According to data from price agency S&P Global Platts, Unipec Singapore sold...

https://mfame.guru/lng-spot-price-tanker-rates-unusually-high/

Maersk Stops Purchase of Boxships That Don’t Meet ‘Emission Targets’

One of the world’s largest shipping companies by fleet size, AP Moller Maersk, has halted purchase of container ships that are unable to totally eliminate carbon emissions, reports Platts.

Zero carbon fuels

Rene Piil Pedersen, managing director of the company’s Singapore arm, told S&P Global Platts on the sidelines of the Marine Money conference held in Singapore on April 20, “Going forward, we will only order ships which have zero carbon emission capability.”

This means that even though these new...

https://mfame.guru/maersk-stops-purchase-of-boxships-that-dont-meet-emission-targets/

US Gasoline Build Curbs Crude Futures Amid Bullish Economy

Crude oil futures were rangebound in mid-morning trade in Asia April 7 as a build in US gasoline stocks countered a stronger macroeconomic outlook in two closely-watched reports released late April 6, reports Platts.

Lack of equilibrium

At 11:27 am Singapore time (0327 GMT), the ICE Brent June contract was up 9 cents/b (0.14%) from the April 6 settle at $62.83/b, while the May NYMEX light sweet crude contract was 7 cents/b (0.12%) higher at $59.40/b.

US gasoline inventories rose by 4.5 million...

https://mfame.guru/us-gasoline-build-curbs-crude-futures-amid-bullish-economy/

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