Tag archives: FO

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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FIS Fuel Oil Morning Report 16/07/21

Good morning and happy Friday.  As of 11:26 am Singapore time (0326 GMT), the ICE September Brent crude futures contract rose 2 cents/b (0.03%) from the previous close at $73.49/b, while the NYMEX August light sweet crude contract was up 4 cents/b (0.06%) at $71.69/b. The front month ICE Brent and NYMEX light sweet crude …

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ENGINE: Americas Bunker Fuel Market Update 15/7/21

Bunker prices have plunged in the Americas amid a 3% Brent price fall on the day.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Houston ($54/mt), New York ($30/mt), Zona Comun ($20/mt), Balboa ($18/mt) and Los Angeles ($15/mt) LSMGO prices down in New York ($34/mt), Houston, Balboa and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 15/7/21

Bunker prices are tumbling in key European and African ports, tracking Brent down as a four-day rally has come to an end on the prospect of a breakthrough in the OPEC+ impasse.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($31/mt), Durban ($23/mt) and Rotterdam ($22/mt) LSMGO prices down …

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ENGINE: East of Suez Bunker Fuel Market Update 15/7/21

East of Suez bunker prices have made sharp losses, pulled down by Brent values weakening on the prospect of an imminent OPEC+ deal and signs of lower US fuel demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($19/mt), Singapore ($18/mt) and Fujairah ($14/mt) LSMGO prices down …

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Daily Capesize Review 14/7/21

Capesize freight rates continued to come under selling pressure, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell further by $1,144 day-on-day to $29,128 on Wednesday, after an erratic paper trading session. The Baltic Dry Index (BDI) also dropped by 2.76% day-on-day, down 89 points to 3,139 readings, …

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