Capesize freight rates continued its upward momentum, though at slower rate amid tight shipping tonnage with heavy congestion at Chinese ports. The Capesize 5 time charter average, then rose by $764 day-on-day to $51,472 on Tuesday, despite some standoff between the charterers and owners. The Baltic Dry Index (BDI) then hiked up higher at $4,201, …
Category archives: Fuel Oil
Morning Fuel Oil 25/08/21
Morning Oil Report Brent crude futures dropped 25 cents, or 0.4%, to $70.80 a barrel by 0525 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 28 cents, or 0.4%, to $67.26. Both benchmark contracts rose by about 8% over the previous two days, erasing most of the slump from a seven-day …
Fuel Oil Daily Evening Report 24/08/21
Please click below to view the report 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): +1 813 490 6630
ENGINE: Global Physical Bunker Market Update 24/8/21
Global bunker prices have extended yesterday’s gains, as Brent adds 4% on the day. Changes in the day to 08.00 GMT today: VLSFO prices up in Singapore ($17/mt), Gibraltar ($15/mt), Fujairah ($13/mt), Rotterdam ($7/mt) and down in Houston ($15/mt) LSMGO prices up in Singapore ($23/mt), Rotterdam and Gibraltar ($12/mt), Fujairah ($11/mt), and down in …
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Daily Capesize Review 23/8/21
Capesize freight rates got off to a slow start at the week, as most participants were in collecting mood, but nevertheless the market fundamentals remained good with firm rates. The Capesize 5 time charter average, then rose by $977 day-on-day to $50,708 on Monday, as the index went above the psychological $50k mark. The Baltic …
Morning Fuel Oil 24/08/21
Morning Oil Report At 9:50 am Singapore time (0150 GMT), the ICE October Brent futures contract was up 40 cents/b (0.58%) from the previous close at $69.15/b, while the NYMEX October light sweet crude contract was 32 cents/b (0.49%) higher at $65.96/b. Both oil benchmarks settled 5.3%-5.4% higher overnight after a spate of …
Fuel Oil Daily Evening Report 23/08/21
Please click below to view the report 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): +1 813 490 6630
ENGINE: Global Bunker Market Update 23/8/21
Global bunker prices are rising today after dropping to monthly lows last Friday. Changes in the day to 08.00 GMT today: VLSFO prices up in Singapore ($12/mt), Gibraltar and Houston ($9/mt), Rotterdam ($8/mt) and Fujairah ($4/mt) LSMGO prices up in Fujairah ($19/mt), Houston ($9/mt), Rotterdam ($4/mt), Singapore ($3/mt) and steady in Gibraltar HSFO380 prices …
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Daily Capesize Review 20/8/21
Capesize freight rates maintained bullish momentum with strong showings in both basins, amid tightening tonnage supply. The Capesize 5 time charter average, then rose by $2,370 day-on-day to $49,731 on Friday, extending the bullish run. The Baltic Dry Index (BDI) also continued its record-breaking upward movement reaching high levels of $4,092, up 2.92% day-on-day, due …
Morning Fuel Oil Report 23/08/21
Morning Oil Report At 10:58 am Singapore time (0258 GMT), the ICE October Brent futures contract was up 87 cents/b (1.33%) from the previous close at $66.05/b, while the NYMEX October light sweet crude contract was 74 cents/b (1.19%) higher at $62.87/b. The pandemic still provides the oil market with a sense of …