Platts, a division of S&P Global Commodity Insights, has added the vessel SA Horizon as a new loading point in its Singapore Market on Close assessment process. This decision, effective from May 22, includes cargo and ex-wharf bunkers for Marine Fuel 0.5% and 380 CST HSFO. The SA Horizon, identified by IMO 9233272, is operated by Southern Ace Marine Sdn.
Bhd. and serves as a floating storage unit at Tanjung Pelapas, strategically located within the Johor Bahru Port Limits in Johor, Malaysia. The inclusion of the SA Horizon was first proposed in a subscriber note issued on April 4.
With this latest addition, there are now a total of 13 floating storage units (FSUs) that have been approved as loading points for the FOB Singapore cargo and ex-wharf bunkers market for Marine Fuel 0.5% and 380 CST HSFO. To comply with the established standards, sellers must specify the vessel to be used as a loading point when submitting offers for publishing by Platts. It’s important to note that any oil offers originating from accredited vessels in the FOB Singapore cargo and ex-wharf bunkers MOC process will be on an FOB FSU basis.
Additionally, sellers do not have the discretion to unilaterally nominate an approved vessel as a loading point in FOB Straits trades. Platts encourages any feedback and comments to be shared via email, with a request for clarity on whether comments should remain confidential. The organization is committed to considering all feedback received and ensuring that non-confidential comments are available upon request.