Hanwa and Integr8 Fuels added to Platts' Asia bunker MOC process

SINGAPORE (Reuters) — S&P Global Platts added Hanwa Singapore Pte Ltd and Integr8 Fuels Inc last week to its Asia Market On Close (MOC) assessment process for Singapore physical bunkers, the company said in a note seen on Wednesday.

The two companies are among the latest additions to the MOC process for physical marine fuels, also known as bunkers, after PetroChina International and Maersk Oil Trading Singapore were added in September and Aegean Marine Petroleum in October.

Singapore is the world’s largest bunker fuels market and serves as Asia’s pricing hub for the marine fuel.

The MOC is a process used by Platts to assess the value of crude oil, petroleum products including bunker fuels, and related derivatives.

Reporting by Roslan Khasawneh; editing by Richard Pullin

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