Under the terms of the agreement, SEA-LNG will display monthly averages of Platts\u2019 daily LNG bunker price assessments on its website, as well as Platts\u2019 fuel oil bunker assessments. The move will help operators make more informed fuel decisions by providing greater transparency of comparisons between conventional and LNG fuels in the key bunkering hubs of Rotterdam and Singapore. <\/p>\n
The collaboration comes as both organisations seek to address a lack of transparency in fuel bunker pricing, seen by some as a barrier to uptake. \u201cWe are excited that our new collaboration with SEA-LNG will add further transparency to the growing LNG bunker spot market,\u201d said Kenneth Foo, managing editor, APAC LNG at S&P Global Platts.<\/p>\n
\u201cThis agreement provides strong validation of the importance of our independent price assessments to markets \u2014 allowing shippers and buyers and sellers of LNG to make informed decisions by evaluating Platts\u2019 LNG bunker assessments, alongside the value of traditional marine fuel bunkers on SEA-LNG\u2019s website.\u201d<\/p>\n
SEA-LNG general manager Steve Esau said that Platts had a long history of helping the development of new spot markets. \u201cThrough this collaboration, we are pleased to make available an additional market data point to participants wanting to understand the commercial outlook of LNG as a marine fuel, in addition to its environmental and operational benefits,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
S&P Global Platts and SEA-LNG, the coalition for promoting LNG as a marine fuel, have joined forces to improve the visibility of LNG fuel pricing.<\/p>\n","protected":false},"author":8,"featured_media":716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"sponsor":[],"class_list":["post-715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lng"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=715"}],"version-history":[{"count":1,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/715\/revisions"}],"predecessor-version":[{"id":717,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/715\/revisions\/717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media\/716"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=715"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}