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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) 
MAmmoSS graphic. Mitsubishi Shipbuilding receives order for ammonia fuel handling system  

MAmmoSS system will support shop testing of ammonia marine engines from two licensors.
Neoliner Origin vessel. Kongsberg Maritime to lead EU Horizon project targeting wind-assisted propulsion at scale  

A 15-partner European consortium will use two full-scale vessel demonstrators to validate wind propulsion technology.
Petrobras logo. Petrobras warns of extended MGO and VLSFO supply suspension at Port of Itaqui  

Fuel distributor announces pipeline maintenance shutdowns affecting both MGO and VLSFO supply.
Richard Berkling, PowerCell Group. PowerCell secures SEK 50m marine fuel cell order for two liquid hydrogen cargo ships  

Swedish fuel cell maker wins contract to power two North Sea hydrogen vessels by 2028.
Wärtsilä hydrogen engine. MatH2 consortium launched to tackle hydrogen materials barriers  

New Finnish-led alliance targets materials compatibility challenges holding back hydrogen adoption.
CMA CGM Berenice vessel. CMA CGM takes delivery of fifth methanol dual-fuel boxship in series from Jiangnan Shipyard  

15,000-teu vessel is the penultimate ship in a six-vessel series due for completion in September.
VeriSphere logo. VPS launches VeriSphere Webshop in push to digitise marine fuel services  

Veritas Petroleum Services unveils self-service digital platform giving customers direct access to fuel data tools.
Titus vessel. ExxonMobil and Wallenius Wilhelmsen complete first trial of biofuel blend made from FAME distillation residue  

Vehicle carrier bunkered in Zeebrugge with B30 VLSFO blend.
Chimbusco and Shenergy green methanol agreement signing. 'China’s largest single-order green methanol procurement deal' announced  

Chimbusco and Shenergy seal agreement for 6,000 tonnes of methanol.
Moriond vessel. Exmar takes delivery of third dual-fuel LPG midsize gas carrier in newbuild programme  

Belgian shipping group Exmar takes delivery of the 41,000-cbm LPG carrier Moriond.




   Fuels & Propulsion

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