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Mon 19 Feb 2018 09:31

Oil and fuel oil hedging market update


By the Oil Desk at Freight Investor Services.

Fuel Oil Market (February 16)

The front crack opened at -9.75, strengthening to -9.55, before weakening to -9.80. The Cal 19 was valued at -14.55

Economic Data and Events

** China markets closed for Lunar New Year holidays, through Feb. 21

* JODI issues world oil exports, output data

* Nigeria's Oil Minister Emmanuel Kachikwu, OPEC Secretary General Mohammad Barkindo to speak at first Nigeria Petroleum Summit in Abuja, 1st day of 5

* U.S. Presidents' Day federal holiday; CME trading, due to open as usual Sunday, to halt at 1pm ET (6pm London) on Monday before reopening again at 6pm ET (11pm London); stock and bond markets closed

Singapore 380 cSt

Mar18 - 362.50 / 364.50

Apr18 - 362.25 / 364.25

May18 - 362.00 / 364.00

Jun18 - 361.00 / 363.00

Jul18 - 359.50 / 361.50

Aug18 - 358.25 / 360.25

Q2-18 - 361.75 / 363.75

Q3-18 - 358.75 / 360.75

Q4-18 - 353.50 / 356.00

Q1-19 - 345.25 / 347.75

CAL19 - 309.50 / 313.00

CAL20 - 236.25 / 242.75

Singapore 180 cSt

Mar18 - 369.25 / 371.25

Apr18 - 368.75 / 370.75

May18 - 368.50 / 370.50

Jun18 - 367.75 / 369.75

Jul18 - 366.25 / 368.25

Aug18 - 365.00 / 367.00

Q2-18 - 368.25 / 370.25

Q3-18 - 365.50 / 367.50

Q4-18 - 360.50 / 363.00

Q1-19 - 353.00 / 355.50

CAL19 - 318.75 / 322.25

CAL20 - 252.00 / 258.50

Rotterdam Barges

Mar18 349.75 / 351.75

Apr18 349.25 / 351.25

May18 348.50 / 350.50

Jun18 347.50 / 349.50

Jul18 346.00 / 348.00

Aug18 344.00 / 346.00

Q2-18 348.50 / 350.50

Q3-18 343.50 / 345.50

Q4-18 334.00 / 336.50

Q1-19 325.25 / 327.75

CAL19 285.75 / 289.25

CAL20 222.25 / 228.75

Marius Kairys, CEO of Elenger Sp. z o.o. Elenger enters Polish LNG bunkering market with ferry refuelling operation  

Baltic energy firm completes maiden truck-to-ship LNG delivery in Gdansk.
Samsung Heavy Industries (SHI) virtual reality (VR) training program developed in collaboration with Evergreen. SHI develops VR training solutions for Evergreen's methanol-fuelled ships  

Shipbuilder creates virtual reality program for 16,500 TEU boxship operations.
Illustratic image of Itochu's newbuild ammonia bunkering vessel, scheduled for delivery in September 2027. Itochu orders 5,000 cbm ammonia bunker vessel  

Japanese firm targets Singapore demonstration after October 2027, with Zeta Bunkering lined up to perform deliveries.
Bunkering of the Glovis Selene car carrier. Shell completes first LNG bunkering operation with Hyundai Glovis in Singapore  

Energy major supplies fuel to South Korean logistics firm's dual-fuel vessel.
Orient Overseas Container Line (OOCL) vessel. CPN delivers first B30 marine gasoil to OOCL in Hong Kong  

Chimbusco Pan Nation claims to be first in region to supply all grades of ISCC-EU certified marine biofuel.
The Buffalo 404 barge, owned by Buffalo Marine Service Inc., performing a bunker delivery. TFG Marine installs first ISO-certified mass flow meter on US Gulf bunker barge  

Installation marks expansion of company's digitalisation programme across global fleet.
Sogestran's fuel supply vessel, the Anatife, at the port of Belle-Île-en-Mer. Sogestran's HVO-powered tanker achieves 78% CO2 reduction on French island fuel runs  

Small tanker Anatife saves fuel while supplying Belle-Île and Île d'Yeu.
Crowley 1,400 TEU LNG-powered containership, Tiscapa. Crowley deploys LNG-powered boxship Tiscapa for Caribbean and Central American routes  

Vessel is the third in company's Avance Class fleet to enter service.
The inland LNG bunker vessel LNG London. LNG London completes 1,000 bunkering operations in Rotterdam and Antwerp  

Delivery vessel reaches milestone after five years of operations across ARA hub.
The M.V. COSCO Shipping Yangpu, China's first methanol dual-fuel containership. COSCO vessel completes maiden green methanol bunkering at Yangpu  

China's first methanol dual-fuel containership refuels with green methanol derived from urban waste.

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