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Mon 6 Dec 2010, 08:28 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes assessment ended with positive gains for all products, along with Papers surge. Fueloil cargo closed firmer by almost USD3.00-4.00/MT, with six deals traded on screen. Gasoil cargo concluded bullish, in which it soared by about USD2.50/BBL. Two deals were reported on screen. Without doubts, all delivered prices were quoted higher, especially the Distillates. But, WTI Access trading is showing flat with little change ealier. Meantime, our bunker indication is revised upward once again only for the MDO/MGO, amid thin demand so far.

Morning Commentary

Light Sweet Crude Oil futures closed with another positive gain last Friday by USD1.19/BBL. As expected, Papers market was pushed higher today. Fueloil paper opened firm by about USD6.00/MT while Gasoil paper was pegged bullish by almost USD2.35/BBL.

With this, Bunker market will possibly be selling more expensive as well. However, we shall see how Cargoes trading will react later in the day. Meantime, our bunker indication is revised upward for all grades.

MGO   Singapore  Singapore (SG) 
Suezmax crude oil tanker render. Guangzhou Shipyard secures Suezmax order, delivers vessels ahead of schedule  

China State Shipbuilding subsidiary reports nine vessel deliveries in the first quarter of 2026.
Clean ammonia project pipeline chart as of March 2026. Renewable ammonia pipeline grows despite Norway project freeze  

GENA Solutions tracks 325 projects totalling 146 MMT of capacity by 2034 despite execution challenges.
Antwerpen and Arlon naming ceremony. Exmar names world’s first ocean-going ammonia dual-fuel gas carriers in South Korea  

Two 46,000-cbm vessels can reduce CO₂ emissions by up to 90% during navigation.
Fujian province map with highlighted locations. Gulf Marine expands bonded lubricant supply network in China’s Fujian province  

Company adds supply points in Putian, Ningde and Fuqing, covering 20 terminals across the region.
Excelerate Acadia naming ceremony. Bureau Veritas classifies Excelerate Energy’s new 170,000-cbm FSRU Excelerate Acadia  

Vessel built by HD Hyundai Heavy Industries features dual-fuel engines and proprietary regasification system.
Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.
EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.
RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.
Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.
Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.




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