Platts, part of S&P Global Energy, has updated the formulas to derive its netback and net forward assessments to reflect 2026 Worldscale rates.

The changes to the formulas are effective Jan. 2 for the following assessments:

High sulfur fuel oil
The outright rate used to calculate FOB NWE HSFO cargoes (PUABB00) as a freight netback from CIF NWE HSFO cargoes (basis Rotterdam) is $6.74/metric ton.

The outright rate used to calculate FOB Mediterranean HSFO cargoes (PUAAZ00) as a freight netback from CIF Mediterranean HSFO cargoes is $8.32/mt.

The Rotterdam harbor dues are $1.15/mt.

Low sulfur fuel oil
The outright rate used to calculate CIF NWE LSFO cargoes (PUAAL00) as a freight net-forward from FOB NWE LSFO cargoes is $7.74/mt.

The outright rate used to calculate CIF Mediterranean LSFO cargoes (PUAAJ00) as a freight net forward from FOB NWE LSFO cargoes, in the absence of other daily bid/offer/trades information, is $15.17/mt.

The outright rate used to calculate FOB Mediterranean LSFO cargoes (PUAAK00) as a freight netback from CIF Mediterranean LSFO cargoes is $8.53/mt.

Marine fuel
The outright rate used to calculate FOB Mediterranean Marine Fuel 0.5%S cargoes (MFFMM00) as a freight netback from CIF Mediterranean Marine Fuel 0.5%S cargoes is $7.41/mt.

Fuel oil feedstocks
The outright rate used to calculate FOB NWE VGO cargoes (AAHMX00 and AAHNB00) as a freight netback from CIF NWE VGO cargoes is $5.13/mt.

Please note that spot market bids/offers/trades may, where relevant, also be taken into account when assessing FOB NWE VGO cargoes.

The outright rate used to calculate FOB Mediterranean VGO cargoes (ABBAD00 and ABBAC00) as a freight netback from CIF Mediterranean cargoes is $5.20/mt.

The Rotterdam harbor dues are $1.15/mt.
Source: Platts