Intercontinental Exchange, Inc. (ICE) on Monday (29 July) launched a further nine Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritime Organization (IMO) in January 2020.
The new futures contracts expand the existing suite of marine fuel contracts launched in February 2019 and will settle against the S&P Global Platts physical Marine Fuel 0.5% assessments.
“We’re seeing rapidly growing demand for our Marine Fuel futures contracts and increasing liquidity as market participants use these contracts to manage their price exposure in advance of IMO 2020,” said Jeff Barbuto, Vice President of Oil Markets at ICE.
“These new contracts include Marine Fuel mini-contracts which will help shipping companies looking for smaller-size contracts to manage their risk.
“Blending and refining spreads can be hedged using the newly listed differential contracts based on the price difference between Gasoil and Marine Fuel.”
The new contracts are as follows:
Published: 30 July, 2019
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