Category archives: News

ENGINE: Europe & Africa Bunker Fuel Market Update 24/11/21

European and African bunker prices have made sharp increases on the back of a $3/bbl Brent gain, and congestion has eased in Gibraltar.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($24/mt), Rotterdam ($23/mt) and Gibraltar ($15/mt) LSMGO prices up in Durban ($34/mt), Gibraltar ($16/mt) and Rotterdam ($11/mt) HSFO …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 24/11/21”

ENGINE: East of Suez Bunker Fuel Market Update 24/11/21

East of Suez bunker prices have jumped with Brent, and LSMGO and HSFO380 availability has tightened in Zhoushan.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices up Fujairah ($29/mt), Singapore ($23/mt) and Zhoushan ($22/mt) LSMGO prices up in Zhoushan ($24/mt), Fujairah ($22/mt) and Singapore ($21/mt) HSFO380 prices up in Fujairah ($21/mt), …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 24/11/21”

Daily Capesize Review 23/11/21

Capesize freight rates continued to rally on better shipping demand and higher commodity prices, though some trade participants deemed the rally as short-lived due to coming holidays. The Capesize 5 time charter average, then grew by $1,421 day-on-day to $33,631 on Tuesday, as the paper market turned bullish after a positive start at the week. …

Continue reading “Daily Capesize Review 23/11/21”

Iron Ore DCE Jan Daily Technical Review 24/11/21

Verdict – Short-term bullish. DCE iron ore Jan22 maintained strong rebound during the day. Iron ore aggregated open interest decreased by 12.43%, this decrease was majorly caused by a taking gains from previous short-positions. Hourly CCI maintained in bullish territory. Hourly slow stochastic KD maintained in bullish territory. Short-run technical were indicating a bullish in …

Continue reading “Iron Ore DCE Jan Daily Technical Review 24/11/21”