Sign up
Log in Sign up
Thu 10 Sep 2009, 07:26 GMT

ICE announces new OTC fuel oil contracts


Futures exchange to launch new fuel oil swaps contracts in September.

IntercontinentalExchange, Inc. (ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, has announced the introduction of a number of new OTC cleared energy contracts for the fuel oil markets.

ICE plans to make these OTC swaps available for clearing beginning Monday, September 28, 2009.

The new OTC contracts available for clearing on September 28 are:

- Platts 3% Fuel Oil USGC vs. 3.5% Fuel Oil FOB Rotterdam Barges Swap (GOE)

- Platts 3% Fuel Oil USGC Swap (RBO)

- Platts 3.5% Fuel Oil Barges FOB Rotterdam Balmo Swap (BAS)

- Platts 1% Fuel Oil Cargoes FOB NWE Balmo Swap (CAS)

- Platts 180 CST Singapore Fuel Oil vs. 3.5% Fuel Oil Barges Rotterdam Balmo Swap (SFT)

- Platts 180 CST Singapore Fuel Oil vs. 380 CST Singapore Fuel Oil Balmo Swap (STT)

With the products announced today, ICE now offers 240 cleared OTC energy contracts, including nearly 150 new OTC contracts since the launch of ICE Clear Europe(R) in November 2008.

Bjorn Hauschild, IBT Bunkering & Trading. IBT Bunkering & Trading appoints Sales Support Specialist  

Björn Hauschild joins from shipyard broker CombiTrade.
Haiyang Shiyou 301 ship-to-ship (STS) LNG bunkering operation. CLPe and CNOOC complete Hong Kong's first LNG bunkering of a pure car and truck carrier  

Ship-to-ship operation delivered around 2,600 cbm of LNG to dual-fuel vessel AICC Fenghuang.
Mercuria logo. Mercuria seeks senior sales and account manager for bunker delivery platform  

Role can be based either remotely or at one of its offices in London, Geneva, Athens or Las Palmas.
Molgas Energy logo. Molgas Energy Group appoints Riaan van Kralingen as head of clean fuels  

Van Kralingen will oversee the company's liquefied biomethane and EU allowance portfolios, succeeding Caspar Gooren.
GT Wings manufacturing facility. GT Wings launches compact AirWing S Jet Sail for smaller vessels  

Wind propulsion developer adds lightweight unit to AirWing range as first customer-ordered AirWing20 units near completion.
Cargo ship bow in dry dock. LR publishes retrofit guidance covering alternative fuels and energy-saving devices in one framework  

New Guidance Notes address LNG, methanol, ammonia, hydrogen, wind-assisted propulsion and air lubrication retrofits for existing ships.
Spirit of Toulouse fitted with rotor sails. LD Armateurs' Spirit of Toulouse fitted with six Norsepower rotor sails  

Six 35m rotor sails installed on the first of three methanol-capable ro-ro ships chartered by Airbus.
Steel-cutting ceremony for bunker vessel. Maritima holds steel-cutting ceremony for Cap Morgiou, first of two Petroineos bunker vessels  

Construction starts on bunker vessel able to carry conventional and low-carbon marine fuels, with delivery expected in early 2028.
MPA and SIBCON 2026 logos. Singapore launches series of measures at SIBCON 2026  

MPA announces LNG storage licences, digital bunkering grants and electric harbour craft incentives at 24th conference.
SIBCON 2026 pre-conference event. VPS outlines marine fuel standards and quality data at SIBCON 2026  

VPS's Rahul Choudhuri addresses Singapore's evolving fuel standards and the quality of conventional fuels and biofuels.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM Dual-fuel E-fuel E-methane / e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



 Recommended