Tag archives: FO

ENGINE: Europe & Africa Bunker Fuel Market Update 6/9/21

European and African bunker prices have been pulled down by Brent over the weekend as the futures contract has slipped from five-week intraday highs.   Changes on the day since Friday to 08.00 GMT today: VLSFO prices down in Durban ($35/mt), Rotterdam and Gibraltar ($13/mt) LSMGO prices down in Durban ($39/mt), Rotterdam ($11/mt) and Gibraltar …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 6/9/21”

Daily Capesize Review 3/9/21

Capesize freight rates declined on slower market activities especially in the Pacific market, despite a firm Atlantic market. The Capesize 5 time charter average, then dropped by $760 day-on-day to $46,647 on Friday, amid a volatile paper market. The Baltic Dry Index (BDI) then fell by $57, down 1.42% day-on-day, to $3,944, as market sentiments …

Continue reading “Daily Capesize Review 3/9/21”

FIS Fuel Oil Morning Report 06/09/21

At 10:49 am Singapore time (0249 GMT), the ICE November Brent futures contract was down 99 cents (1.36%) from the previous close at $71.62/b, while the NYMEX October light sweet crude contract was down 91 cents (1.31%) at $68.38/b.   Both markers fell after US Department of Labor data released late Sept. 3 showed nonfarm …

Continue reading “FIS Fuel Oil Morning Report 06/09/21”

ENGINE: East of Suez Bunker Fuel Market Update 3/9/21

Bunker prices are rising today across East of Suez ports as Brent has gained 2% in the past day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($11/mt), Zhoushan and Singapore ($10/mt) LSMGO prices up in Fujairah ($14/mt), Zhoushan ($13/mt) and Singapore ($12/mt) HSFO380 prices up in …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 3/9/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 3/9/21

Most European and African bunker prices have made significant gains with support from a 2% Brent rise in the past day.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($16/mt) and Rotterdam ($10/mt), and down in Durban ($7/mt) LSMGO prices up in Gibraltar ($14/mt), Durban ($13/mt) and Rotterdam ($12/mt) …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 3/9/21”

Daily Capesize Review 2/9/21

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …

Continue reading “Daily Capesize Review 2/9/21”

Fuel Oil Morning Report 03/09/21

At 12:19 pm Singapore time (0419 GMT), the ICE November Brent futures contract was down 1 cent/b (0.01%) from the previous close at $73.02/b while the NYMEX October light sweet crude contract was down 14 cents/b (0.2%) at $69.85/b.   The latest Energy Information Administration data released late Sept. 2 showed that US crude inventories …

Continue reading “Fuel Oil Morning Report 03/09/21”