Singapore Market Commentary (with evening update)

Thu 8 Oct 2009, 06:08 GMT

Singapore Market Commentary (with evening update)

Evening Commentary

Both Fueloil and Gasoil cargoes closed bearish by USD3.00/MT and USD1.10-1.20/BBL respectively in line with bearish paper.Our Bunker indication was revised lower for all grades.

Morning Commentary

NYMEX Crude dipped below USD70/BBL mark last night but ACCESS is now showing some recovery.

Fueloil paper opened moderately bearish by USD2.50-3.00/MT while Gasoil paper was indicated softer by USD1.20/BBL this morning. Our Bunker indication broadly remains unchanged for Fueloil and was revised lower for MDO/MGO.

MGO Singapore Singapore (SG)


		Bunker Holding webinar to compare FuelEU Maritime compliance costs ahead of 30 April deadline Njord-hosted event will examine pooling versus borrowing options using real-world data from the maritime sector.

		Oilmar DMCC seeks bunker traders for Singapore office Marine fuel trading firm is recruiting mid-level and senior professionals to expand Asia-Pacific marine fuels operations.

		Oilmar DMCC seeks senior bunker trader for Dubai operations Dubai-based energy firm recruits experienced marine fuels trader to expand Middle East portfolio.

		Zhoushan Changhong secures orders through 2029 with LNG dual-fuel container ships Chinese shipyard reports full order book as it constructs 19,000-teu vessels for MSC Group.

		K Line secures long-term bio-LNG supply for car carrier fleet Japanese shipping company expects to reduce greenhouse gas emissions by 60,800 tonnes annually.

		Methanol- and ammonia-ready container ship delivered to ONE Approval in Principle obtained from Lloyd’s Register for future methanol and ammonia fuel conversion.

		World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

		Burando Energies appoints Valerie Ahrens as global head of methanol Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

		New Sea Generation seeks junior bunker trader in Greece Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

		IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.