ENGINE: Europe & Africa Bunker Fuel Market Update 3/11/21

Bunker prices are sharply down with Brent, and a string of Mediterranean ports could see more weather disruptions over the next two days.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($15/mt), Gibraltar ($12/mt) and Durban ($10/mt) LSMGO prices down in Durban ($15/mt), Rotterdam and Gibraltar ($13/mt) HSFO prices …

ENGINE: East of Suez Bunker Fuel Market Update 3/11/21

East of Suez bunker prices have fallen on the day with Brent values, after API figures showed a bigger-than-expected build in US crude inventories.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($12/mt), Singapore ($10/mt) and Zhoushan ($6/mt) LSMGO prices down in Fujairah ($16/mt), Zhoushan ($14/mt) and …

Iron Ore DCE Jan Daily Technical Review 3/11/21

Verdict – Short-term neutral to bullish. DCE iron ore started recovery sentiments after a big slump over the past five trading days. The opening slight high last night indicated smart money was not very pessimistic on the current market. Iron ore rebound fast during the day from a negative 3% to negative 0.42% by closing. …

Daily Virtual Steel Mill Report 3/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         U.S. secretary of commerce Gina Raimondo said the cancellation of U.S. – E.U. metal tax would help to counter against U.S. high inflation rate. ·         Instituite of International Finance data indicated the interest rate undermined the new funds entry of equity sector in new emerging market, …

Tanker FFA Morning Report 3/11/21

News Headlines:   U.S. unveils crackdown on methane from oil and gas industry (Reuters) The United States on Tuesday unveiled a plan to slash emissions of the greenhouse gas methane from oil and gas operations as part of its strategy to crack down on climate change, drawing cautious support from both environmental groups and drillers. …

Oil Morning Report 3/11/21

At 10:20 am Singapore time (0220 GMT), the ICE January Brent futures contract was down $1.33/b (1.56%) from the previous close at $83.39/b, while the NYMEX December light sweet crude contract fell $1.54/b (1.84%) at $82.37/b.   If confirmed by data from the US Energy Information Administration out later Nov. 3, crude oil inventories would …

Supramax and Handy FFA Report 2/11/21

Please click below to view the report         Index Report below     https://fisapp.com/wp-content/uploads/2021/11/02.11.2021.pdf     For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): …