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  

Keel-laying ceremony of an LNG carrier and bunker vessel hull no. S-1123. Avenir lays keel for new LNG carrier and bunkering vessel  

Marine fuel supplier has commenced construction of Hull No. S-1123 as part of its newbuild programme.

Hydrogen production unit. Aurora Hydrogen secures $3m from Oldendorff Overseas Investments for hydrogen production  

Investment advances microwave-driven methane pyrolysis technology that produces hydrogen from natural gas.

Electric ferry charging infrastructure. Corvus Energy and Beyonder sign MoU to develop maritime battery systems  

Norwegian companies to explore next-generation energy storage solutions for shipping sector decarbonisation.

Avenir Ascension vessel. Anew Climate and Avenir complete first joint bio-LNG bunkering in Europe  

Partnership delivers waste-based bio-LNG from Lithuania to Swedish ferry operator via KlaipÄ—da terminal.

Flex Commodities logo. Flex Commodities changes legal suffix from DMCC to FZCO under Dubai naming framework  

Administrative change aligns marine fuel trader with new UAE free zone company naming conventions.

Capu Rossu vessel. Stena RoRo takes delivery of 13th E-Flexer vessel from Chinese shipyard  

Capu Rossu handed over to Corsica Linea for Marseille-Corsica route starting mid-June.

Caspar Gooren, Titan. Titan Clean Fuels signs e-methane supply deal with TURN2X for 2028 delivery  

Bunker supplier to receive e-methane from Spanish production plant for distribution across European ports.

Hydrogen-fuelled engine 6UEC35LSGH. Japan consortium achieves hydrogen co-firing in main engine for large commercial vessel  

Engine reaches over 95% hydrogen co-firing ratio, with installation planned for 2027.

BTB bunker truck. Belgian Trading & Bunkering expands DMA 0.89 truck deliveries in ARA region  

BTB extends marine fuel offerings with truck-based deliveries to meet maritime market demand.

Fuel pathway roundtable meeting participants. ABS convenes roundtable on offshore power barge for Great Lakes emissions reduction  

Meeting brought together ports, academia and industry to advance shore power solution under EPA programme.