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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.

Nicklas Mikkelsen, Malik Supply. Malik Supply hires first trader for new Dubai office  

Nicklas Mikkelsen joins Danish bunker supplier ahead of January 2026 launch.
Tallink’s MyStar vessel. Tallink's MyStar joins Gasum's FuelEU Maritime compliance pool using bio-LNG  

Nordic energy company Gasum signs pooling agreement with Elenger to generate compliance surplus.
Methane Abatement in Maritime Innovation Initiative (MAMII) speakers. Maritime coalition gathers in Brussels to advance methane measurement and abatement technologies  

MAMII convenes shipowners, engine makers, and policymakers to accelerate methane reduction from LNG-fueled vessels.
Green oil bubbles. BIMCO delays biofuel clause for time charters to spring 2026  

Maritime organisation pushes back publication to address safety, technical requirements, and industry feedback.
Group photo of participants at the REMPEC expert meeting. Mediterranean moves closer to nitrogen oxide emission controls  

Expert meeting endorses feasibility study with 2032 target for Med NOx ECA implementation.
Seaboard Venture naming ceremony. Sanfu Shipbuilding delivers final 3,500 TEU dual-fuel container ship to US owner  

Taizhou-based shipyard completes first batch of LNG-powered vessels with "zero accidents, zero delays".
Aerial view of a container vessel. FuelEU Maritime regulation reshapes ship management contracts, DNV says  

DNV's Emissions Connect aims to provide neutral data for commercial negotiations under new rules.
Illustration of Scales of Justice with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.




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