ENGINE: Europe & Africa Bunker Fuel Market Update 14/9/21

European and African bunker prices have mostly moved up with Brent, and Rotterdam’s VLSFO price has gained against several other ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($8/mt), and down in Durban ($4/mt) and Gibraltar ($2/mt) LSMGO prices up in Durban ($8/mt) and Rotterdam ($3/mt), and steady …

ENGINE: East of Suez Bunker Fuel Market Update 14/9/21

East of Suez bunker prices have mostly been steady to rising in the past day, with some taking direction from gaining Brent values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($23/mt), and steady in Singapore and Zhoushan LSMGO prices up in Fujairah ($5/mt) and Singapore ($4/mt), …

Daily Capesize Review 13/9/21

Capesize freight rates rallied further with record gains, amid Chinese port closures due to the Typhoon Chanthu. The Capesize 5 time charter average, then rose by $6,736 day-on-day to $52,908 on Monday, as significant gains were made in the Pacific and Atlantic markets. The Baltic Dry Index (BDI) then rose by $299, up 7.74% day-on-day, …

ENGINE: Americas Bunker Fuel Market Update 14/9/21

Bunker prices have mostly been rangebound in the Americas, and a tropical storm is set to disrupt bunkering as it approaches Texan ports.   Changes on the day from Friday, to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($14/mt) and Zona Comun ($4/mt), and down in Houston ($4/mt), New York and …

Fuel Oil Morning Report 14/09/21

At 10:25 am Singapore time (0225 GMT), the ICE November Brent futures contract was up 32 cents/b (0.44%) from the previous settle at $73.83/b, while the NYMEX October WTI contract was up 36 cents/b (0.51%) at $70.81/b.   Supply concerns were compounded by the emergence of Tropical Storm Nicholas on the Texas Gulf Coast as …