Monthly archives: July 2021

ENGINE: East of Suez Bunker Fuel Market Update 6/7/21

ENGINE: East of Suez Bunker Fuel Market Update East of Suez bunker prices are on the rise for a second day, as Brent values have jumped above $77/bbl.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($10/mt), Singapore and Fujairah ($9/mt) LSMGO prices up in Fujairah ($34/mt), …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 6/7/21”

Daily DCE Review 6/7/21

Iron ore futures rose for the second consecutive trading day, following the upticks in steel prices and lower iron ore shipments. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.84% day-on-day or up RMB 34 to RMB 1,231/mt at the close of day trading session on Tuesday. The rebar futures …

Continue reading “Daily DCE Review 6/7/21”

Daily Capesize Review 5/7/21

Capesize freight rates continued to lose ground on thin trading activities amid sluggish shipping demand. The Capesize 5 time charter average, then plunged down by $1,333 day-on-day to $27,773 on Monday, after selloff session. The Baltic Dry Index (BDI) also dropped by 1.86% day-on-day, down 61 points to 3,224 readings, due to the weakening freight …

Continue reading “Daily Capesize Review 5/7/21”