Singapore Market Commentary (with evening update)

Wed 7 Oct 2009, 06:02 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo closed firm by several dollars and Gasoil cargo went up a dollar/BBL+ along with bullish paper value. Our Bunker indication was revised higher for Fueloil and remains unchanged MDO/MGO.

Morning Commentary

NYMEX Crude continuously closed firm last night and ACCESS is now showing further gain. In line with bullish crude sentiment, both Fueloil and Gasoil paper opened nominally higher by USD 1.25/MT and USD 1.10/BBL respectively this morning. Our bunker indication was revised upward for all grades.

MGO Singapore Singapore (SG)


		CSL delivers world’s first battery-powered self-unloading bulk carrier MV Yampu will transport limestone for Adbri in Australia, with full electric operation targeted by 2031.

		NYK, Yanmar and Eneos to install hydrogen fuel cell system on new Tokyo dining cruise vessel Three Japanese companies are collaborating to bring hydrogen propulsion to a dining cruise ship due to enter service in 2027.

		Sallaum Lines orders four 8,600-ceu dual-fuel PCTCs from Chinese yard — its largest vessels to date Ammonia-ready car carriers ordered from XSI mark the next phase of Sallaum Lines’ fleet renewal.

		WinGD completes factory acceptance test on X72DF-A ammonia engine destined for CMB.Tech bulker Swiss engine maker WinGD has completed factory acceptance testing of its ammonia-fuelled X72DF-A engine in China.

		Everllence secures world’s first order for ME-GI Mk10.7 dual-fuel engine Norwegian car-carrier operator GCC selects next-generation methane engine for four newbuilds.

		Capital Clean Energy Carriers and CMA CGM form joint venture to build $82.8m LNG bunkering vessel The 20,000-cbm dual-fuel vessel is due for delivery in the third quarter of 2028.

		Hong Kong launches port dues and vessel registration incentives to boost green fuel bunkering Two new schemes offer financial concessions to attract green fuel vessels and grow the Hong Kong fleet.

		Fincantieri delivers LNG-ready cruise ship Mein Schiff Flow to TUI Cruises The 160,000 gross-tonne vessel is the second of two InTUItion-class dual-fuel ships.

		Monjasa seeks trader for Fredericia-based Northwest Europe desk Bunker firm is recruiting a trader to join its Northwest Europe team.

		Barcelona and Shanghai sign strategic port cooperation agreement targeting green fuels and digital corridors Ports formalise a 'sister ports' relationship covering green shipping, digitalisation and intermodality.