Singapore Market Commentary (with evening update)

Thu 16 Apr 2009, 07:35 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo concluded steady today while Gasoil cargo surged by about USD0.70/BBL.

Delivered products were offered more or less the same as yesterday, except the MDO/MGO were quoted higher. WTI Access trading still showing moderate gains since morning. Demand was noted to average so far and our bunker indication shall remain unchanged, except the Distillates which were adjusted upward meantime.

Morning Commentary

NYMEX Crude price closed stable last night with marginal dip while WTI Access trading is showing some positive gains this morning.

In Singapore Papers market, Fueloil paper opened softer by close to USD4.00/MT while Gasoil paper was pegged higher instead, by USD0.60/BBL today. Meantime, our bunker indication remains unchanged for all grades till we see how the cargoes trading direction will take this afternoon

MGO Singapore Singapore (SG)


		Avenir LNG marks keel laying of newbuild LNG bunker vessel in China Ceremony held to signal the formal start of the vessel's construction at CIMC SOE.

		World Fuel seeks operations support representative in Dubai for marine fuels role Company looking for detail-oriented person with strong organizational skills who is able to manage multiple priorities.

		Monjasa moves to new Limassol office in regional 'commitment' Bunker firm relocates to third office since establishing a presence in Limassol a decade ago.

		Neste supplies renewable diesel to Tara Ocean Foundation’s first Arctic drift expedition Finnish fuel producer Neste is supplying renewable diesel to an 18-month Arctic scientific expedition.

		Amogy breaks ground on ammonia-to-power FAT facility in South Korea New FAT facility in Geoje marks a step towards commercial-scale ammonia-to-power systems.

		Portsmouth becomes the UK’s first port to offer multi-berth shore power as system goes live Ferries and cruise ships are now drawing clean electricity at Portsmouth International Port.

		Sallaum Lines signs 1+1 newbuilding order with China Merchants Shipyard for 8,600-ceu PCTCs Deal brings Sallaum Lines’ total newbuilding programme to nine vessels worth more than $850 million.

		World's largest battery-electric ship departs Tasmania yard ahead of South America delivery China Zorrilla escorted from Incat Tasmania's shipyard to Macquarie Wharf in Hobart.

		Agreement signed to bring shore power to Rotterdam shortsea terminal by 2030 Shore power partnership at Rotterdam’s RST terminal targets AFIR compliance and reduced ship emissions at berth by end of decade.

		Equatorial Marine Fuel receives dual sustainability recognitions in 2026 Singapore-based bunker firm earns the LowCarbonSG logo and an EcoVadis Bronze Medal.