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Wed 2 Jan 2013, 06:36 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes trading ended firm this afternoon along with Paper gains. Fueloil cargo rose by about USD8.00/MT with a deal done. Gasoil cargo climbed by about USD1.00/BBL, no trade reported.

Delivered prices were quoted more higher than last Asian close. Crude futures were firming up more than earlier. Meantime, our bunker indication is revised upward for all grades once again, amid average demand.

Morning Commentary

Crude futures closed firm on the eve of New Year. However, their February values were firming up moments earlier.

In Singapore, both Fueloil and Gasoil papers opened higher by USD5.00/MT and USD0.65/BBL respectively. It seems the papers' sentiment to push Cargoes pricing is quite strong. Meantime, our bunker indication is revised upward for all grades.

Singapore  Singapore (SG) 
World Shipping Council logo. Dual-fuel container ship and vehicle carrier fleet surpasses 1,200 vessels  

World Shipping Council reports 65% year-on-year increase in operational dual-fuel vessels to 440 ships.
Sotiris Raptis, ECSA. European shipowners call for ETS revenue investment and fuel supplier mandate  

ECSA urges the EU to invest €9bn in annual ETS revenues in fuel production and infrastructure.
Sheen Mao Choong, SSA. Singapore bunker industry urged to prioritise resilience and collaboration  

SSA committee vice chair highlights energy security and crisis readiness at Marine Fuels Forum 2026.
Chia How Khee, TFG Marine and David Foo, MPA. TFG Marine receives bunker safety award from Singapore maritime authority  

Marine fuel supplier recognised for safety standards and operational performance at MPA Marine Fuel Forum.
Rotterdam skyline at night. Bunker surveyor sought in Rotterdam to meet increased demand  

Dutch firm MCE Marine Surveyors is recruiting for a quantitative fuel inspection role.
Emma Roberts, BHP. GCMD highlights BHP biofuel trials to address scaling challenges in maritime decarbonisation  

Mining company discusses need for traceability and coordinated progress across supply, cost and operational readiness.
Levante LNG vessel. Peninsula implements energy efficiency measures across bunker supply fleet  

Marine fuel supplier focusing on data-driven upgrades and operational measures to cut consumption.
Aerial view of a biogas plant. Centrica Energy gains ISCC certification to trade certified bio-LNG  

The energy trading arm of Centrica plc can now trade certified bio-LNG with customers.
TSS Cruiser vessel. Damen delivers first CSOV 9020 to Taiwan joint venture for offshore wind support  

TSS Cruiser handed over to TSSM in Vietnam following sea trials in Ha Long Bay.
United LNG I bunker vessel alongside Blue Aspire vessel. Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations  

United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.




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