Tag archives: FO

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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ENGINE: East of Suez Bunker Fuel Market Update 5/8/21

Bunker prices have slumped to two-week lows in major East of Suez ports, as Brent fell below $70/bbl earlier today under pressure from a build in US crude stocks and lockdown measures in China.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($20/mt), Zhoushan ($18/mt) and Singapore …

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FIS Fuel Oil Morning Report 05/08/21

  Brent crude oil futures rose by 19 cents, or 0.3%, to $70.57 a barrel by 0438 GMT, while U.S. West Texas Intermediate (WTI) crude futures increased by 23 cents, or 0.3%, to $68.38 a barrel. Both benchmarks fell by more than $2 a barrel on Wednesday.   EIA week ending 7/30 Crude oil: +3.6M …

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ENGINE: Europe & Africa Bunker Fuel Market Update 4/8/21

European and African bunker prices have edged down, tracking Brent as the futures contract falls for a fourth consecutive day.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($7/mt), Durban ($2/mt) and Rotterdam ($1/mt) LSMGO prices down in Rotterdam ($3/mt) and Gibraltar and Durban ($1/mt) HSFO prices down in …

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FIS Castaway Podcast – Episode 66 04/08/21

    FIS Castaway Podcast – Episode 66     Iron ore leads the fall as we discuss Chinese emissions targets, OPEC+ production, and typhoon congestion affecting the ferrous, oil and freight markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-66/   Spotify https://open.spotify.com/episode/4cIFXumuQH7h3yKMHtM3SC?si=813wyHFoTvWFnPujqMGwSA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-66/id1507094242?i=1000530964587         Disclaimer: This podcast is a marketing communication and …

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ENGINE: East of Suez Bunker Fuel Market Update 4/8/21

Bunker prices have mostly gained in East of Suez in the past day, recovering some of the sharp losses made under pressure from tumbling Brent values at the beginning of the week.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($4/mt) and Singapore ($3/mt), and down in …

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