Platts updates European fuel oil, feedstocks 2026 netback formulas in International Shipping News 05/01/2026 Platts, part of S&P Global Energy, has updated the formulas to derive its netback and net forward assessments to reflect 2026 Worldscale rates. The changes to the formulas are effective Jan. 2 for the following assessments: High sulfur fuel oil The outright rate used to calculate FOB NWE HSFO cargoes (PUABB00) as a freight netback from CIF NWE HSFO cargoes (basis Rotterdam) is $6.74/metric ton. The outright rate used to calculate FOB Mediterranean HSFO cargoes (PUAAZ00) as a freight netback from CIF Mediterranean HSFO cargoes is $8.32/mt. The Rotterdam harbor dues are $1.15/mt. Low sulfur fuel oil The outright rate used to calculate CIF NWE LSFO cargoes (PUAAL00) as a freight net-forward from FOB NWE LSFO cargoes is $7.74/mt. The outright rate used to calculate CIF Mediterranean LSFO cargoes (PUAAJ00) as a freight net forward from FOB NWE LSFO cargoes, in the absence of other daily bid/offer/trades information, is $15.17/mt. The outright rate used to calculate FOB Mediterranean LSFO cargoes (PUAAK00) as a freight netback from CIF Mediterranean LSFO cargoes is $8.53/mt. Marine fuel The outright rate used to calculate FOB Mediterranean Marine Fuel 0.5%S cargoes (MFFMM00) as a freight netback from CIF Mediterranean Marine Fuel 0.5%S cargoes is $7.41/mt. Fuel oil feedstocks The outright rate used to calculate FOB NWE VGO cargoes (AAHMX00 and AAHNB00) as a freight netback from CIF NWE VGO cargoes is $5.13/mt. Please note that spot market bids/offers/trades may, where relevant, also be taken into account when assessing FOB NWE VGO cargoes. The outright rate used to calculate FOB Mediterranean VGO cargoes (ABBAD00 and ABBAC00) as a freight netback from CIF Mediterranean cargoes is $5.20/mt. The Rotterdam harbor dues are $1.15/mt. Source: Platts 2026-01-05 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share