Global Vision Market Report

Tue 6 Jan 2015, 14:24 GMT

Global Vision Market Report

Market report from Global Vision Bunkers B.V.

Oil prices sank to fresh 5-1/2-year lows this morning, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.

U.S.

Nymex: no news at this time.

Houston (ex-wharf indications 5-1)
380cst $299
180cst $447
MGO $681

New Orleans (ex-wharf indications 5-1)
380cst $337
180cst $391
MGO $661

Singapore (delivered indications 6-1)

WTI is losing with -$3.15. Singapore paper is down with -$13.75 for 180cst with -$14.40 for 380cst for Jan, and for Feb 180 cst -$14.25 and 380cst with -$14.00 with MGO contracts Jan bearish with -$3.10 and in Feb with -$2.98. The cargo market is beasirh with 180cst -$16.00, 380cst with -$15.30 and MGO with -$1.82.

380cst $298
180cst $310
MGO $535

Fujairah (delivered indications 6-1)

380cst $309
180cst $355
MGO $845

ARA (Amsterdam - Rotterdam - Antwerp)

Indications for delivered bunkers (5-1):
380cst : $275
MGO 0.1%S: $502

MGO


		Venture Energy signs green methanol supply deal with Shenji Energy Hong Kong-based firm to purchase ISCC EU-certified biomass-derived methanol for shipping clients.

		Changhong International begins construction on second 11,400-teu LNG dual-fuel container ship Chinese shipbuilder starts work on vessel CHB2060, second of 18-ship series for Oceanroutes.

		Keel laid for LNG bunkering vessel Celsius Turkish shipbuilder begins construction of dual-fuel bunkering vessel for Sirius Shipping and Gasum.

		Vitol’s Marine ISTA completes record 4,900 mt bunkering operation at Karachi Port Operation marks largest fuel supply at Pakistani port, highlighting potential for regional bunkering hub development.

		Gasum and Wasaline extend bio-LNG supply agreement to 2027 Nordic energy company renews fuel supply contract with Finnish-Swedish ferry operator through 2027.

		MOL Techno-Trade completes Japan’s first truck-to-ship LNG bunkering for foreign cruise vessel Ritz-Carlton cruise ship Luminara refuelled at Nagasaki Port using truck-to-ship method on 3 April.

		Methanol-ready cable-laying vessel hull launched in Romania Shipbuilder floats hull of dual-fuel vessel designed for offshore renewable energy cable operations.

		GCMD biofuels lead receives Singapore standardisation award Dr Prapisala Thepsithar recognised for contributions to marine biofuel specification development.

		Certas Energy to attend Marine Energy Wales conference in April Marine fuel supplier to discuss sector solutions at UK marine renewable energy conference.

		Sanmar completes sea trials for 14th all-electric tugboat Turkish shipyard marks half-century in business with latest battery-powered vessel from ElectRA series.