Tue 23 Dec 2008, 08:02 GMT

NYMEX launches new fuel oil contracts


Singapore 180-cst swap amongst new average price option contracts to be listed.



CME Group, the world's largest and most diverse derivatives exchange, has this week listed a number of new average price options contracts on the NYMEX (New York Mercantile Exchange) trading floor and ClearPort®.

The Singapore fuel oil 180 cst swap (C5), Singapore gasoil calendar swap (M2) and the fuel oil 3.5% Rotterdam barges swap (Q6) contracts will be listed for 36 consecutive months, beginning with the January 2009 contract.

There will be 20 strike prices in increments of $0.50 per barrel above and below the at-the-money strike price.

The contract size for the Singapore fuel oil 180 cst and fuel oil 3.5% Rotterdam barges average price options contracts will be 1,000 metric tons. The minimum price fluctuation will be $0.01 per metric ton.

The contract size for the Singapore gasoil contract will be 1,000 barrels. The minimum price fluctuation will be $0.01 per barrel.

For more information, please visit http://www.nymex.com.


Person signing a document. Venture Energy signs green methanol supply deal with Shenji Energy  

Hong Kong-based firm to purchase ISCC EU-certified biomass-derived methanol for shipping clients.

Steel cutting ceremony of vessel with builder's hull no. CHB2060. Changhong International begins construction on second 11,400-teu LNG dual-fuel container ship  

Chinese shipbuilder starts work on vessel CHB2060, second of 18-ship series for Oceanroutes.

Keel-laying ceremony of Celsius. Keel laid for LNG bunkering vessel Celsius  

Turkish shipbuilder begins construction of dual-fuel bunkering vessel for Sirius Shipping and Gasum.

Marine ISTA alongside MSC Apollo vessel. Vitol’s Marine ISTA completes record 4,900 mt bunkering operation at Karachi Port  

Operation marks largest fuel supply at Pakistani port, highlighting potential for regional bunkering hub development.

Aurora Botnia vessel. Gasum and Wasaline extend bio-LNG supply agreement to 2027  

Nordic energy company renews fuel supply contract with Finnish-Swedish ferry operator through 2027.

Luminara vessel truck-to-ship bunkering. MOL Techno-Trade completes Japan’s first truck-to-ship LNG bunkering for foreign cruise vessel  

Ritz-Carlton cruise ship Luminara refuelled at Nagasaki Port using truck-to-ship method on 3 April.

NKT Eleonora vessel cable-laying. Methanol-ready cable-laying vessel hull launched in Romania  

Shipbuilder floats hull of dual-fuel vessel designed for offshore renewable energy cable operations.

Dr Prapisala Thepsithar, GCMD. GCMD biofuels lead receives Singapore standardisation award  

Dr Prapisala Thepsithar recognised for contributions to marine biofuel specification development.

Marine Energy Wales (MEW) Conference 2026 graphic. Certas Energy to attend Marine Energy Wales conference in April  

Marine fuel supplier to discuss sector solutions at UK marine renewable energy conference.

Dinamo IV vessel. Sanmar completes sea trials for 14th all-electric tugboat  

Turkish shipyard marks half-century in business with latest battery-powered vessel from ElectRA series.