Tag archives: FO

ENGINE: East of Suez Bunker Fuel Market Update 6/8/21

East of Suez bunker prices have mostly bounced back with rising Brent values in the past day, and an incoming typhoon threatens bunker disruptions in Japan over the weekend.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($11/mt), Singapore ($9/mt) and Zhoushan ($6/mt) LSMGO prices up in …

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Daily Capesize Review 5/8/21

Capesize freight rates extended its upward momentum to recover from previous slump, despite market concerns over shipping delays at Chinese ports. The Capesize 5 time charter average, then rose by $933 day-on-day to $36,608 on Thursday, due to improving market sentiments. The Baltic Dry Index (BDI) also went up by 1.75% day-on-day, or 58 points …

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ENGINE: Americas Bunker Fuel Market Update 5/8/21

Bunker prices are rangebound for most fuel grades in major ports across the Americas, as Brent values are steadier after a period of high volatility.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($4/mt), Los Angeles ($2/mt) and Balboa ($1/mt), and down in Houston ($2/mt) and …

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FIS Fuel Oil Morning Report 06/08/21

At 11:32 am Singapore time (0332 GMT), the ICE October Brent futures contract was up 14 cents/b (0.2%) from the previous close at $71.48/b, while the NYMEX September light sweet crude contract rose 12 cents/b (0.17%) at $69.21/b.   The pandemic continues to be at the forefront of the mind of many, not just in …

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ENGINE: Europe & Africa Bunker Fuel Market Update 5/8/21

European and African bunker prices have made sharp losses alongside Brent, and Gibraltar’s VLSFO price continues to be competitive with ARA ports.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam and Durban ($18/mt) and Gibraltar ($16/mt) LSMGO prices down in Gibraltar ($19/mt) and Rotterdam ($18/mt) and steady in Durban …

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Daily Capesize Review 4/8/21

Capesize freight rates continued to recover from improving shipping demand, which lifted market sentiment. The Capesize 5 time charter average, then rose by $459 day-on-day to $35,675 on Wednesday, due to better market confidence. The Baltic Dry Index (BDI) also went up by 1.13% day-on-day, or 37 points to 3,318 readings, due to better freight …

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