Tag archives: FO

Daily Capesize Review 16/7/21

Capesize freight rates continued to inch downward, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell by $152 day-on-day to $28,542 on Friday, after much selling pressure during the session. The Baltic Dry Index (BDI) then dropped by 1.11% day-on-day, down 34 points to 3,039 readings, due to …

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FIS Fuel Oil Morning Report 19/07/21

At 10:53 am Singapore time (0253 GMT), the ICE September Brent futures contract was down $1.20/b (1.63%) from the previous close at $72.39/b, while the NYMEX August light sweet crude contract was down $1.14/b (1.59%) at $70.67/b.   A melange of factors including a deal made by OPEC+ to increase supply as well as increasing …

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ENGINE: Americas Bunker Fuel Market Update 16/7/21

Bunker values have edged up in several major ports in the Americas following massive drops in the previous session, and prices are on track for sharp losses on the week.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($9/mt), New York ($8/mt), Zona Comun ($6/mt), Balboa and …

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ENGINE: East of Suez Bunker Fuel Market Update 16/7/21

East of Suez bunker prices are rising today, reversing some of yesterday’s sharp losses.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($5/mt), Zhoushan ($4/mt) and Fujairah ($3/mt) LSMGO prices up in Fujairah ($14/mt), Zhoushan ($7/mt) and down in Singapore ($5/mt) HSFO380 prices up in Zhoushan ($6/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 16/7/21

Bunker prices have recovered some of their heavy losses in the previous session, and prices have surged in South African ports affected by civil unrest disruptions this week.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($20/mt), Rotterdam ($9/mt) and Gibraltar ($6/mt) LSMGO prices up in Durban ($22/mt), Gibraltar …

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Daily Capesize Review 15/7/21

Capesize freight rates continued to spiral downward, despite a move up supported by the improving physical market. The Capesize 5 time charter average, then fell by $434 day-on-day to $28,694 on Thursday, after a choppy trading session. The Baltic Dry Index (BDI) then dropped by 2.10% day-on-day, down 66 points to 3,073 readings, due to …

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