Author archives: Chris Hudson

A Room with a Technical View 07/02/22

  Capesize March Futures – The roll from February to March resulted in the futures gapping higher, from a technical perspective the upside move created by the roll means the technical is considered bullish, as the rolling front month contract traded above the USD 14,750 level. As noted on the morning technical reports, momentum had …

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ENGINE: Europe & Africa Bunker Fuel Market Update 04/02/22

European and African bunker prices have soared to multi-year and all-time highs, and this week’s cyber attack has crippled bunker loading capacity in Antwerp.   Changes on the day to 09.00 GMT today: · VLSFO prices up in Durban ($49/mt), Gibraltar ($46/mt) and Rotterdam ($25/mt) · LSMGO prices up in Durban ($56/mt), Gibraltar ($36/mt) and …

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ENGINE: East of Suez Bunker Fuel Market Update 04/02/22

East of Suez bunker prices have shot up with Brent, and deliveries have resumed in Hong Kong after muted activity during the Chinese Lunar New Year holiday.   Changes on the day to 17.00 SGT (09.00 GMT): · VLSFO prices up in Singapore ($56/mt), Fujairah ($38/mt) and Zhoushan ($30/mt) · LSMGO prices up in Fujairah …

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ENGINE: Americas Bunker Fuel Market Update 03/02/22

Bunker prices have been roughly steady for most fuel grades in major Americas ports, and Balboa’s fuel oil prices remain elevated amid tight supply.   Changes on the day to 08.30 CST (14.30 GMT) today: · VLSFO prices up in New York ($5/mt), steady in Houston, and down in Los Angeles ($3/mt), Balboa ($2/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 03/02/22

European and African bunker prices are mostly broadly steady on the day, while Rotterdam’s low sulphur fuel prices have made sharp gains.   Changes on the day to 09.00 GMT today: · VLSFO prices up in Rotterdam ($15/mt), Gibraltar and Durban ($1/mt) · LSMGO prices up in Rotterdam ($11/mt), Gibraltar ($7/mt), and Durban ($1/mt) · …

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ENGINE: East of Suez Bunker Fuel Market Update 03/02/22

East of Suez bunker prices are roughly steady amid rangebound Brent values, and bunkering has resumed in South Korean ports after muted activity during the Lunar New Year holiday.   Changes on the day to 17.00 SGT (09.00 GMT): · VLSFO prices up in Singapore ($1/mt), steady in Zhoushan, and down in Fujairah ($2/mt) · …

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ENGINE: Americas Bunker Fuel Market Update 02/02/22

Americas bunker prices have jumped with support from Brent, and US fuel oil stocks have been drawn to another all-time low.   Changes on the day to 08.30 CST (14.30 GMT) today: · VLSFO prices up in Balboa ($22/mt), New York and Zona Comun ($12/mt) and Houston and Los Angeles ($10/mt) · LSMGO prices up …

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ENGINE: Europe & Africa Bunker Fuel Market Update 02/02/22

Bunker prices have been broadly steady in European and African ports as Brent rally has slowed, and deteriorating weather conditions have triggered bunker suspensions off Malta.   Changes on the day to 09.00 GMT today: · VLSFO prices up in Gibraltar ($3/mt), down in Rotterdam and Durban ($2/mt) · LSMGO prices up in Gibraltar ($2/mt), …

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ENGINE: East of Suez Bunker Fuel Market Update 02/02/22

East of Suez bunker prices have edged down on the day amid broadly steady Brent values, and Singapore’s VLSFO price remains at discounts to other bunker hubs.   Changes on the day to 17.00 SGT (09.00 GMT) today: · VLSFO prices down in Zhoushan ($3/mt), Fujairah and Singapore ($2/mt) · LSMGO prices down in Singapore …

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