Category archives: Fuel Oil

ENGINE: Europe & Africa Bunker Fuel Market Update 8/9/21

Bunker prices have taken mixed directions across European and African bunkering ports in the past day, and St. Petersburg and Ust-Luga continue to price VLSFO well below Rotterdam and other ports.   Changes on the day to 08.00 GMT today: VLSFO prices steady in Gibraltar, and down in Durban ($3/mt) and Rotterdam ($6/mt) LSMGO prices …

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ENGINE: East of Suez Bunker Fuel Market Update 8/9/21

East of Suez bunker prices are mostly up on the day, and Fujairah’s fuel oil stocks have grown amid weaker demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah and Zhoushan ($5/mt) and Singapore ($1/mt) LSMGO prices up in Fujairah and Zhoushan ($34/mt), and down in Singapore …

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Daily Capesize Review 7/9/21

Capesize freight rates slid downward on lower bookings, despite active fixtures as freight market headed for more corrections. The Capesize 5 time charter average, then dropped by $2,245 day-on-day to $42,220 on Tuesday, after a volatile market. The Baltic Dry Index (BDI) then fell by $115, down 3.01% day-on-day, to $3,707, due to softening freight …

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FIS Fuel Oil Morning Report 08/09/21

At 10:40 am Singapore time (0240 GMT), ICE November Brent futures were 2 cents/b (0.03%) higher at $71.71/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $68.49/b.   Chinese crude imports in August rose 8% on the month to 10.53 million b/d, or 44.53 million mt, according to General Administration of …

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ENGINE: Europe & Africa Bunker Fuel Market Update 7/9/21

European and African bunker prices are up as Brent regains some of yesterday’s losses with support from the supply crunch in the US Gulf and robust Chinese crude demand.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($14/mt) and Rotterdam ($9/mt), and down in Gibraltar ($2/mt) LSMGO prices up …

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ENGINE: East of Suez Bunker Fuel Market Update 7/9/21

Bunker prices have gone up across East of Suez ports today, as Brent regains some of yesterday’s losses with support from the supply crunch in the US Gulf and robust Chinese crude demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($15/mt), Zhoushan ($8/mt) and Fujairah ($2/mt) …

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Daily Capesize Review 6/9/21

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

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