Tag archives: FO

ENGINE: Europe & Africa Bunker Fuel Market Update 02/03/22

HSFO380 availability slightly tight in ARA hub Suppliers in Gibraltar Strait ports brace for upcoming bad weather Las Palmas bunker supply limited to inner anchorage   ARA bunker availability is normal for VLSFO and LSMGO, while HSFO380 is slightly tight. A number of suppliers get HSFO380 supplies from Russia which has led to some tightness, …

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Daily Capesize Review 1/3/22

Capesize freight rates improved, being driven by bunkers and the T/Cs amid market uncertainty over the Russia-Ukraine conflict and its impact on the market. The Capesize 5 time charter average, then rose by $605 day-on-day to $14,019 on Tuesday, after a cautiously bullish market. The Baltic Dry Index (BDI) also increased by $29 day-on-day, or …

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A Room with a Technical View 01/03/22

  Capesize March Futures – We highlighted last week that USD 21,382 was the key resistance to follow as price remained vulnerable below this level. The futures traded to a high of USD 21,250 before entering a corrective phase. The move lower was driven be outside events after Russia invaded the Ukraine, resulting in the …

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