Singapore Market Commentary (with evening update)

Wed 31 Mar 2010, 07:57 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo closed steady to slightly weak and two deals were traded. On the other hand, Gasoil cargo surged by about USD0.60/BBL, without any deal seen on screen. WTI Crude was firming up moments ago.

Meantime, our bunker indication remains unchanged, except the MDO/MGO which is revised updward. Demand was notably average.

Morning Commentary

NYMEX Crude price closed marginally firmer last night by US0.20 a barrel and WTI Access trading is steady with moderate fluctuation.

In Singapore, Papers market opened mixed. Fueloil paper was pegged softer by only about USD0.50/MT while Gasoil paper was talked USD0.35/BBL firmer today. For this, we shall maintain all our bunker indication unchanged till the Cargoes assessment is over this afternoon.

MGO Singapore Singapore (SG)


		Malik Supply seeks bunker trader for Dubai office expansion Danish firm looking for experienced professionals with a minimum of two years in bunker trading.

		NYK joint venture names first China-built dual-fuel LNG carrier in six-vessel CNOOC series 174,000-cbm vessel uses both fuel oil and boil-off gas as fuel.

		Anew Climate joins SEA-LNG coalition to advance bio-LNG adoption in the maritime sector North American low-carbon fuels company brings liquefied biomethane supply to the coalition.

		Wind propulsion breaks new ground on French Polynesian multipurpose vessel Bound4blue installs its eSAIL on what is believed to be the world’s first multipurpose vessel fitted with wind propulsion.

		Peninsula outlines case for bio-LNG as near-term emissions pathway for LNG-fuelled vessels Company says bio-LNG offers operators a practical route to emissions cuts using existing infrastructure.

		Fratelli Cosulich Bunkers receives MPA harbour craft workforce award Bunkering firm recognised for its support of Singapore's maritime training programme.

		UK Chamber of Shipping publishes safety evidence base for alternative marine fuels New report covering five fuel pathways aims to support the industry’s safe transition to net zero.

		Navigator Gas secures $121.8m loan for two ammonia carriers under construction in China Navigator Holdings and Amon Maritime joint venture locks in six-year post-delivery financing for dual-fuel vessels due in 2028.

		US project cancellation marks first monthly contraction in renewable methanol pipeline in over three years GENA’s July 2026 data shows a 0.5 MMT pipeline contraction as North America loses ground.

		Orica reaches FID on Australian renewable ammonia project as US mega-scale cancellation dents low-carbon pipeline GENA data shows project pipeline contraction as Air Products’ Louisiana complex is halted.