Tag archives: FO

Daily Capesize Review 1/11/21

Capesize freight rates continued to soften on bearish market sentiment, with lesser shipping demand to move iron ore and coals. The Capesize 5 time charter average, then fell by $1,220 day-on-day to $34,845 on Monday, extending recent market corrections. The Baltic Dry Index (BDI) followed the downtrend and dropped by $91, down 2.59% day-on-day, to …

Continue reading “Daily Capesize Review 1/11/21”

ENGINE: Americas Bunker Fuel Market Update 1/11/21

Bunker prices have mostly gained with Brent across the Americas, and Balboa’s VLSFO price has risen to bigger premiums over regional ports amid tight supply.   Changes on the day from Friday, to 09.30 CST (14.30 GMT) today: VLSFO prices up in Balboa ($11/mt), Los Angeles ($9/mt) and Zona Comun ($5/mt), and down in New …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 1/11/21”

ENGINE: East of Suez Bunker Fuel Market Update 1/11/21

East of Suez bunker prices are down from Friday’s levels, as Brent has shed more than $1/bbl.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price down in Zhoushan ($32/mt), Singapore ($11/mt) and Fujairah ($8/mt) LSMGO prices down in Singapore ($18/mt), Zhoushan and Fujairah ($12/mt) HSFO380 prices down in Zhoushan ($12/mt) …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 1/11/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 1/11/21

Declining Brent values have pulled European and African bunker prices down from highs made last week, and several Mediterranean locations have seen weather delays.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($28/mt), Gibraltar ($15/mt) and Rotterdam ($5/mt) LSMGO prices down in Gibraltar ($15/mt), Durban ($8/mt) and Rotterdam ($6/mt) …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 1/11/21”

Morning Oil Report 1/11/21

At 11:01 am Singapore time (0301 GMT), the ICE January Brent futures contract was down 23 cents/b (0.27%) from the previous close at $83.49/b, while the NYMEX December light sweet crude contract fell 41 cents/b (0.49%) at $83.16/b.   Crude oil futures dipped in mid-morning trade in Asia Nov. 1 following weak economic data out …

Continue reading “Morning Oil Report 1/11/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 29/10/21

Bunker prices have bounced back with recovering crude values in the past day, and HSFO380 is tight with certain suppliers in the ARA and Canary Islands.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($11/mt), Rotterdam ($10/mt) and Gibraltar ($5/mt) LSMGO prices up in Durban ($7/mt), Rotterdam ($6/mt) and …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 29/10/21”

ENGINE: East of Suez Bunker Fuel Market Update 29/10/21

Bunker prices have mostly recorded gains on the day, as Brent has rebounded after a three-day decline.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price up in Fujairah ($10/mt) and Singapore ($4/mt) LSMGO prices up in Zhoushan ($14/mt), Singapore and Fujairah ($4/mt) HSFO380 prices up in Fujairah ($6/mt), and down …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 29/10/21”

Morning Oil Report 29/10/21

At 10:00 am Singapore time (0200 GMT), the ICE December Brent futures contract was up 21 cents/b (0.25%) from the previous close at $84.53/b, while the NYMEX December light sweet crude contract rose 6 cents/b (0.07%) at $82.87/b.   Oil prices edged up on Friday but were headed for their first weekly losses in at …

Continue reading “Morning Oil Report 29/10/21”

ENGINE: Americas Bunker Fuel Market Update 29/10/21

Americas bunker prices have declined further in several key locations, as Brent sheds $1/bbl in the wake of a big US crude inventory build.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($3/mt), and down in Houston ($21/mt), New York and Balboa ($14/mt) and Zona Comun …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 29/10/21”