Sign up
Log in Sign up
Wed 13 Nov 2013, 06:42 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes trading ended with more dips this afternoon. Fueloil cargo fell by about USD5.00/MT while Gasoil cargo went under another about USD0.60/BBL today. All delivered prices were offered cheaper due to demand level being quite low for these few days. Crude futures are firming up gradually. Meantime, our bunker indication is revised downward for all grades.

Morning Commentary

WTI Crude for December took a sharp dip last night and shed off USD2.10/bbl. Similarly, ICE Brent future for December fell by USD0.59/bbl. This has dragged down Paper market sentiment this morning. Both Fueloil and Gasoil papers were pegged lower by about USD4.00/MT and USD0.55/bbl respectively. We shall see how Cargoes trading will react this afternoon. Meantime, our bunker indication is revised downward for all grades.

Singapore  Singapore (SG) 
Molgas Energy logo. Molgas completes acquisition of Prima LNG’s Irish business  

Molgas takes over Prima LNG’s Irish customer portfolio, including a Mondelez manufacturing site, as part of its expansion.
Levante LNG vessel. Peninsula marks three years of LNG bunkering with Levante LNG  

Bunker supplier reports zero claims and CO₂e cuts as LNG bunker vessel completes three years of operations.
Sea Leader FZCO logo. Sea Leader begins physical bunker supply operations in eastern India  

Company completes first bunker delivery after registering with India's shipping authority.
Wega and Deneb vessels render. Auramarine to supply methanol fuel systems for German hydrographic research vessels  

Finnish firm signs deal with Gondan Shipbuilders to equip two new vessels for Germany's maritime agency.
Mitsui-Everllence B&W 6S50ME engine render. Mitsui E&S secures first order for dual-fuel engines from Indian shipyard  

Six LNG-fuelled engines will power chemical tankers built by Swan Defence and Heavy Industries in Gujarat, India.
Jamaica bunkering hub study presentation. Study maps route for Jamaica to become regional hub for alternative marine fuels  

Research identifies Jamaica's location, port traffic and existing LNG infrastructure as foundations for a regional alternative marine fuels hub.
A2B Progress vessel. A2B-online orders two more methanol-fuelled vessels for shortsea network  

Dutch shortsea operator expands newbuild series to four ships, adding methanol propulsion and battery capacity for emission-free port calls.
Höegh Autoliners and BYD Energy Storage cooperation agreement signing. Höegh Autoliners signs battery deal with BYD for ammonia-ready car carrier  

Ro-ro shipper teams up with BYD Energy Storage to combine batteries, solar power and ammonia-ready propulsion on a single car carrier.
Hercules Angelica vessel. Hercules Tanker Management adds new Ultra-Spec tanker to fleet with FAME cargo run  

Hercules Angelica begins maiden voyage carrying FAME from Malaysia to the UK/ARA region.
SHI and Morimura sign MoU. Samsung Heavy Industries and Japan's Morimura to jointly develop solid oxide fuel cells for ships  

Companies target 2028 commercialisation of SOFC technology for merchant vessels and floating data centres.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM Dual-fuel E-fuel E-methane / e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



 Recommended