Monthly archives: September 2021

ENGINE: Europe & Africa Bunker Fuel Market Update 23/9/21

Bunker prices extend their gains as Brent reaches above $76/bbl for the first time in two months, and Gibraltar Strait bunkering has been delayed by rough weather.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($9/mt), Gibraltar ($7/mt) and Rotterdam ($6/mt) LSMGO prices up in Durban ($10/mt), Gibraltar ($5/mt) …

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Daily DCE Review 23/9/21

Iron ore futures booked more gains as restocking activities increased in preparation for the upcoming Golden week holidays in October. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.89% day-on-day or up RMB 25 to RMB 667/mt, during the day trading session on Thursday. The rebar future also jumped up …

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FIS Castaway Podcast – Episode 73

 The Future of Fuel Oil   With ESG concerns at the forefront, and debate on the future of bunker fuels, we ask our ‘oracle’ at Integr8 fuels, Anton Shamray, for his thoughts on the future direction of this vital market.     Listen Below:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-73/   Spotify – https://open.spotify.com/episode/3jqV1Y0z4wAZfX8mOYjHLQ?si=3MnFsI84TiGCoDUjyAvdKg&dl_branch=1   iTunes – https://podcasts.apple.com/gb/podcast/episode-73-future-of-fuel-oil/id1507094242?i=1000536257246   …

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Daily Capesize Review 22/9/21

Capesize freight rates continued to rally, due to tighter tonnage and port congestion among Chinese ports that extended turnaround time. The Capesize 5 time charter average, then rose by $3,446 day-on-day to $59,715 on Wednesday, as most of the Chinese trade participants returned to the market from holidays. The Baltic Dry Index (BDI) then jumped …

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ENGINE: Americas Bunker Fuel Market Update 22/9/21

A near $2/bbl Brent jump has lifted prices across major bunker locations in the Americas in the past day, and bunkering has resumed after a weather suspension in Zona Comun.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Zona Comun ($23/mt), Balboa ($18/mt), Los Angeles ($17/mt) and New …

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FIS Fuel Oil Morning Report 23/09/21

At 0210 GMT, Brent futures contract was up 15 cents/b (0.2%) from the previous close at $76.34/b, while the NYMEX November light sweet crude contract was 9 cents/b (0.12%) higher at $72.32/b.   “Crude prices rallied after US stockpiles tumbled to the lowest levels since October 2018,” said OANDA senior market analyst Edward Moya, adding …

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