Global Vision Market Report

Thu 1 May 2014, 11:38 GMT

Global Vision Market Report

Crude oil prices eased in Asia this morning in the holiday-thinned trade on a carryover of bearish data on bulging U.S. crude stockpiles.

No further information due to labor day.

U.S.

No news due to labor day.

API: Crude oil +3.0; Distillates +0.7; Gasoline -1.0 million barrels vs previous week.
DOE:
Forecasts: Crude oil +1.1; Distillates +0.5; Gasoline ±0.0 million barrels vs previous week.

Houston (ex-wharf indications 1-5)
380cst $603
180cst $683
MGO $986

New Orleans (ex-wharf indications 1-5)
380cst $615
180cst $663
MGO $986

Singapore (delivered indications 30-4)

Singapore fuel oil prices weakened slightly yesterday ahead of a public holiday today. Suppliers in the area reported good demand levels and stable avails.

No further information due to labor day.

380cst $592
180cst $608
MGO $930

Fujairah (delivered indications 30-4)

380cst $600
180cst $640
MGO $982

ARA (Amsterdam - Rotterdam - Antwerp)

No indications due to labor day.

MGO


		China’s renewable energy could fuel global shipping decarbonisation, says GCMD Maritime body sees potential for China to convert domestic wind and solar into green marine fuels.

		OceanScore adds vessel activation controls for EU ETS and FuelEU compliance workflows Software provider introduces a feature allowing third-party managers to toggle vessel compliance status while preserving historical data.

		MOL develops carbon inset and book-and-claim programme for alternative marine fuels Japanese shipowner details mechanism to verify, certify and fund use of biomethanol and other low-carbon fuels.

		Hafnia orders eight MR tankers from Hyundai Heavy Industries for $405m Vessels scheduled for delivery between Q3 2028 and Q2 2029 at South Korean shipyard.

		IBIA appoints Sommer Mitchell as marketing and events coordinator Mitchell brings more than five years of experience to the marine fuels industry association.

		MOL's 12th LNG dual-fuel car carrier makes maiden call in Singapore Lazulite Ace arrives in Singapore following delivery from Japanese shipyard in March.

		Deendayal Port Authority completes India’s first methanol bunkering demonstration Kandla port conducts maiden methanol bunkering trial in 'step towards maritime decarbonization.'

		Fincantieri lays keel for hydrogen-powered cruise ship Viking Astrea Second hydrogen-fuelled vessel in Viking series scheduled for delivery in 2027 from Ancona yard.

		RMK Marine launches methanol-ready chemical tanker for Ditaş Denizcilik T. Florya, a 12,000-dwt vessel designed by Delta Marine, is launched by Turkish shipbuilder.

		Renewable methanol project pipeline reaches 59.6m tonnes as offtake challenges persist GENA Solutions tracks 281 facilities and projects, with China dominating biomethanol and e-methanol capacity.