Tag archives: FO

Daily Capesize Review 6/9/21

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

Continue reading “Daily Capesize Review 6/9/21”

ENGINE: Americas Bunker Fuel Market Update 6/9/21

Most bunker prices have responded to Brent’s downward pull by dropping across the Americas, while Houston’s HSFO380 price has surged to regional premiums.   Changes on the day from Friday to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($6/mt), and down in Los Angeles ($12/mt), Houston ($9/mt), Balboa ($6/mt) and Zona …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 6/9/21”

FIS Fuel Oil Morning Report 07/09/21

Brent crude futures for November rose 31 cents, or 0.4%, to $72.53 a barrel by 0452 GMT, after falling 39 cents on Monday. U.S. West Texas Intermediate crude for October was at $69.14 a barrel, down 15 cents, or 0.2%, from Friday’s close, with no settlement price for Monday due to Labor Day holiday in …

Continue reading “FIS Fuel Oil Morning Report 07/09/21”

ENGINE: East of Suez Bunker Fuel Market Update 6/9/21

East of Suez bunker prices have inched down from Friday’s levels, and HSFO380 has tightened in Zhoushan.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Singapore ($14/mt), Zhoushan ($12/mt) and Fujairah ($5/mt) LSMGO prices down in Fujairah ($17/mt), Zhoushan ($11/mt) and Singapore ($9/mt) HSFO380 prices up in Zhoushan …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 6/9/21”

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”