Sign up
Log in Sign up
Thu 16 Sep 2010, 06:11 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes assessment ended firmer this afternoon. Fueloil cargo went up by about USD1.50/MT with two deals done on screen. Gasoil cargo concluded steady to marginally higher and three trades were reported.

Delivered prices were quoted quite aggressively once again, possibly backed by falling WTI Crude. It once fell to its lowest at USD74.95 a barrel earlier. Meantime, our bunker indication remains unchanged, except the MDO/MGO which is re-adjusted downward, amid average demand.

Morning Commentary

NYMEX Crude price dipped weaker last night to settle at USD76.02 a barrel and WTI Access trading is showing more negative gains this morning. However, Papers market still opened firmer today. Both Fueloil and Gasoil papers were pegged higher by almost USD2.50/MT and about USD1.00/BBL respectively.

In general, these determinants that could possibly influence the delivered price direction still look quite mixed. Meantime, our bunker indication is revised upward only for the distillates.

MGO   Singapore  Singapore (SG) 
Wärtsilä logo. Shipping firms struggle to prioritise decarbonisation investments amid regulatory uncertainty, Wärtsilä survey finds  

Survey of 225 maritime executives reveals 70% say uncertainty hinders investment decisions despite regulatory pressure.
IMT Isca G-Flex vessel render. Longitude Engineering unveils IMT Isca G-Flex PSV design with alternative fuel capability  

Naval architecture firm launches adaptable platform support vessel design based on the IMT-984 G-Class hull.
Philippos Ioulianou, EmissionLink. Shore power infrastructure is key to cutting ferry emissions in European cities, says EmissionLink  

Port electrification is needed to enable vessels to switch off engines at berth, reducing urban pollution.
Maritime and Port Authority of Singapore logo. Singapore prioritises maritime resilience amid geopolitical uncertainty, eyes digitalisation and green fuels  

MPA chief outlines the sector’s adaptation to supply chain disruptions while advancing automation and alternative fuels.
Aerial photograph of Zhoushan Island. China exports first domestically blended biofuel for marine use from Zhoushan  

A vessel carries 2,600 tonnes of biofuel blend to Qingdao Port for international ship refuelling.
Green ammonia energy workshop graphic. H2SITE to present ammonia-cracking technology at Green Ammonia Energy Workshop  

Spanish company to showcase APOLO project's role in producing hydrogen for maritime decarbonisation.
Brave Quest vessel. Tsuneishi-Cebu delivers methanol dual-fuel Kamsarmax bulker  

Philippine shipyard hands over 81,100-tonne deadweight vessel capable of running on methanol fuel.
EIB and Port of Rotterdam signing. Port of Rotterdam secures EUR90m EIB loan for shore power installations  

Financing will support shore power infrastructure at three container terminals, with an EU grant also approved.
IBIA logo. IBIA updates biofuels training module for 2026  

Updated online course covers latest regulatory developments and market trends in liquid and gaseous biofuels.
Brim Explorer’s fully electric passenger vessel concept render Bureau Veritas to class all-electric trimarans for Brim Explorer  

Two zero-emission passenger vessels will operate in Norwegian fjords after extensive Arctic testing.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



 Recommended