NYMEX launches 0.5% bunker futures contracts

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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