Gasoil delivered to a storage terminal in Singapore and two floating storage units in Johor have been included in Platt’s price assessment process for Asian oil products.
Following positive feedback from its proposal in August that gasoil deliveries to the Pulau Seraya Power Station Terminal should be included in its assessment, Platts confirmed it will go ahead with the proposal from September 25.
The terminal has a total storage capacity of 835,000 m3 and 180,000 m3 of that capacity is dedicated to clean oil product storage.
Additionally, the VLCC Speranza, operated by Vitol Asia and the VLCC Jade Palms, operated by Itochu Singapore will be included in its FOB Singapore fuel oil assessment process.
Both vessels are classified as floating storage units and are anchored at Tanjung Pelepas in Johor, southern Malaysia.