Tag archives: FO

Daily Capesize Review 26/7/21

Capesize freight rates started sluggish at the start of the week but found supports from typhoon disruption that tightened ship supply. The Baltic Dry Index (BDI) then inched up slightly by 0.34% day-on-day, up 11 points to 3,210 readings, from the firmer freight rates.   Tight vessel supply from bad weathers Trade participants were concerned …

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FIS Fuel Oil Morning Report 27/07/21

Brent crude futures climbed 13 cents, or 0.2%, to $74.63 a barrel at 0128 GMT, extending a 0.5% gain on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 4 cents to $71.95 a barrel, after losing 16 cents on Monday.   Global travel restrictions across many nations are set to remain in place over …

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ENGINE: Americas Bunker Fuel Market Update 26/7/21

Bunker fuel oil prices are rangebound and have mostly inched down in major ports in the Americas, while prices in New York and Zona Comun have seen sharper losses.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Zona Comun ($13/mt), New York ($11/mt), Houston and Balboa ($3/mt) and …

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ENGINE: East of Suez Bunker Fuel Market Update 26/7/21

East of Suez bunker prices have inched down from Friday’s levels, and bunkering is suspended in Zhoushan and Shanghai after typhoon In-Fa struck China’s eastern coast yesterday.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($8/mt), Singapore ($6/mt) and Fujairah ($5/mt) LSMGO prices down in Zhoushan ($17/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 26/7/21

Bunker prices have dipped with Brent in European ports, and Durban’s low sulphur prices are sharply down after peaking last week.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($27/mt), Gibraltar ($6/mt) and Rotterdam ($3/mt) LSMGO prices down in Durban ($15/mt), Gibraltar ($5/mt) and Rotterdam ($1/mt) HSFO prices down …

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Daily Capesize Review 23/7/21

Capesize freight rates rebounded on tight tonnage supply because of Typhoon In-Fa’s impact on central China’s coastal areas. The Baltic Dry Index (BDI) then increased by 3.09% day-on-day, up 96 points to 3,199 readings, due to the firmer freight rates.   Bullish Pacific amid tight vessel supply   The Pacific enjoyed healthy cargo list with …

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FIS Fuel Oil Morning Report 26/07/21

Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while U.S. Texas Intermediate crude was at $71.62 a barrel, down 45 cents.   Oil spent much of last week clawing back losses, with ICE Brent managing to finish the week almost 8% up from last Monday’s close. …

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