Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 28/09/21

East of Suez bunker prices are moving in different directions today, with some rising with Brent trading at three-year highs of more than $80/bbl.     Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices up in Zhoushan ($4/mt), down in Fujairah ($9/mt) and Singapore ($4/mt) LSMGO prices up in Singapore …

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FIS Singapore Iron Ore Derivatives Report 28/09/21

Market Commentary Iron ore futures slumped to near-$110 as China’s power crisis intensifies, dampening the consumption outlook for the raw material. China’s industrial sector is facing a power crunch that limits operations of steel works. According to Mysteel, over 80 steel mills in September suspended production for maintenance as some northern provinces have imposed power …

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Daily Capesize Review 27/9/21

Capesize freight rates rebounded on better restocking demands amid tight tonnage supply and port congestion among Chinese ports. The Capesize 5 time charter average, then went up by $1,724 day-on-day to $63,030 on Monday, challenging for new heights amid bullish sentiment. The Baltic Dry Index (BDI) then rose by $73, up 1.57% day-on-day, to $4,717, …

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