Sign up
Log in Sign up
Tue 23 Dec 2008, 08:02 GMT

NYMEX launches new fuel oil contracts


Singapore 180-cst swap amongst new average price option contracts to be listed.

CME Group, the world's largest and most diverse derivatives exchange, has this week listed a number of new average price options contracts on the NYMEX (New York Mercantile Exchange) trading floor and ClearPort®.

The Singapore fuel oil 180 cst swap (C5), Singapore gasoil calendar swap (M2) and the fuel oil 3.5% Rotterdam barges swap (Q6) contracts will be listed for 36 consecutive months, beginning with the January 2009 contract.

There will be 20 strike prices in increments of $0.50 per barrel above and below the at-the-money strike price.

The contract size for the Singapore fuel oil 180 cst and fuel oil 3.5% Rotterdam barges average price options contracts will be 1,000 metric tons. The minimum price fluctuation will be $0.01 per metric ton.

The contract size for the Singapore gasoil contract will be 1,000 barrels. The minimum price fluctuation will be $0.01 per barrel.

For more information, please visit http://www.nymex.com.

Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.
Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.
Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.
Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.
BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.
Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.
Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.
Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.
Celsius vessel. RMK Marine to equip Celsius LNG bunker vessel with gas combustion unit  

Turkish shipbuilder adds specialised equipment to support cool-down and gassing-up operations for LNG vessels.
CSL and CMA CGM contract signing. Cochin Shipyard signs contract with CMA CGM for six LNG-fuelled container vessels  

Indian shipbuilder to construct vessels for French shipping company.




 Recommended