Bunkering
NYMEX launches 0.5% bunker futures contracts
Ahead of IMO’s 2020 fuel sulphur cap, the New York Mercantile Exchange (NYMEX) will list 11 marine fuel futures contracts with 0.5 percent sulphur content for trade on the CME Globex electronic platform for trade from December 10, its parent CME Group said yesterday.
The contracts will clear through CME ClearPort and will be settled against physical marine fuel assessments from S&P Global Platts from five major bunkering hubs to begin with.