Mon 9 Jun 2014, 13:37 GMT

Global Vision Market Report



Crude oil futures rose to the highest level in four days on Monday as upbeat U.S. employment data and encouraging trade data from China bolstered the demand outlook from the world's two largest consumers.

U.S.

Houston (ex-wharf indications 9-6)
380cst $603
180cst $700
MGO $976

New Orleans (ex-wharf indications 9-6)
380cst $606
180cst $684
MGO $976

Singapore (delivered indications 9-6)

WTI is up with +$0.78. Singapore paper is down with -$2.75 for 180cst and -$2.40 for 380cst for Jun, and for Jul 180 cst x$0.00 and 380cst with -$0.09 with MGO contracts being bearish in Jun with -$0.30 and in Jul with -$0.34. The cargo market is bullish with 180cst +$2.87, 380cst with +$3.43 and MGO with +$1.14.

The Singapore fuel oil prices rose last Friday by +$2.5 to +$3.5 during the Platts window. Delivered bunker premiums traded lower around +$4.5 above cargo prices. In Rotterdam fell -$0.75 in the window while delivered premiums remained unchanged.

380cst $602
180cst $622

Fujairah (delivered indications 9-6)

380cst $610
180cst $644
MGO $985

ARA (Amsterdam - Rotterdam - Antwerp)

380cst : $578
(1.0 %) : $641
180cst: $618
MGO 0.1%S: $858

MGO  

TMS Tankers logo. Lloyd’s Register delivers fleet-wide energy transition roadmap for TMS Tankers  

LR Advisory maps vessel-level compliance risk and decarbonisation pathways across the Greek owner’s tanker fleet.

Dr Prapisala Thepsithar, GCMD. GCMD shares biofuel assurance and green finance insights at Hong Kong shipping decarbonisation forum  

The Global Centre for Maritime Decarbonisation presented pilot findings on biofuels and energy efficiency financing.

Laura Maersk ethanol bunkering graphic. Maersk conducts large-scale ethanol bunkering trial on Laura Maersk in Rotterdam  

A.P. Moller – Maersk has conducted a barge-delivered ethanol bunkering operation as part of ongoing fuel trials.

Luminara vessel truck-to-ship bunkering. MOL Techno-Trade completes first LNG bunkering for international cruise ship in Hokkaido  

Truck-to-ship LNG operation at Hakodate marks first such supply to an international cruise vessel in Hokkaido.

Acta Gemini vessel. Acta Marine takes delivery of methanol dual-fuel CSOV Acta Gemini for RWE wind farm charter  

The vessel will support operations at the Sofia Offshore Wind Farm at Dogger Bank.

Yeva Wood and Kirsten Møller Jørgensen. Malik Supply expands Danish team with bunker trader and finance hire  

Danish bunker supplier Malik Supply adds two new staff across its Fredericia and Aalborg offices.

AiP award ceremony for a 10,000-teu biofuel-powered container ship. HJSC wins AiP for 10,000-teu biofuel-powered container ship design  

South Korean shipbuilder HJ Shipbuilding & Construction receives classification society approval for its biofuel vessel design at Posidonia.

Active vessel. Capital Clean Energy Carriers takes delivery of LNG carrier and dual-fuel gas carrier, secures five new charters  

Athens-based CCEC expands its fleet and pushes contracted revenue backlog to $3.1bn.

VPS logo. Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages | Rahul Choudhuri, VPS  

Managing fuel quality deterioration following the closure of the Strait of Hormuz.

Person signing a document. Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group  

Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.