ENGINE: Americas Bunker Fuel Market Update 26/7/21

Bunker fuel oil prices are rangebound and have mostly inched down in major ports in the Americas, while prices in New York and Zona Comun have seen sharper losses.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Zona Comun ($13/mt), New York ($11/mt), Houston and Balboa ($3/mt) and …

ENGINE: Europe & Africa Bunker Fuel Market Update 26/7/21

Bunker prices have dipped with Brent in European ports, and Durban’s low sulphur prices are sharply down after peaking last week.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($27/mt), Gibraltar ($6/mt) and Rotterdam ($3/mt) LSMGO prices down in Durban ($15/mt), Gibraltar ($5/mt) and Rotterdam ($1/mt) HSFO prices down …

Daily Capesize Review 23/7/21

Capesize freight rates rebounded on tight tonnage supply because of Typhoon In-Fa’s impact on central China’s coastal areas. The Baltic Dry Index (BDI) then increased by 3.09% day-on-day, up 96 points to 3,199 readings, due to the firmer freight rates.   Bullish Pacific amid tight vessel supply   The Pacific enjoyed healthy cargo list with …

FIS Fuel Oil Morning Report 26/07/21

Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while U.S. Texas Intermediate crude was at $71.62 a barrel, down 45 cents.   Oil spent much of last week clawing back losses, with ICE Brent managing to finish the week almost 8% up from last Monday’s close. …

Daily Capesize Review 22/7/21

Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates.   Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …