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May 29, 2015
Platts Marine
Marine News
May 29 2015 07:35:00 EDT

The Handysize market in the Mediterranean has stagnated in May due to a lower supply of cargoes and the resulting fall in demand for tankers despite high inquiry and freight rates in most other dir...

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May 29 2015 05:24:00 EDT

India's target of achieving self-sufficiency in urea production in the next four years is expected to have limited impact on the Panamax, Supramax and Handy class vessels, dry bulk freight market s...

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May 29 2015 01:37:00 EDT
May 28 2015 16:05:00 EDT
May 28 2015 09:04:00 EDT
May 28 2015 02:58:00 EDT
May 27 2015 07:33:00 EDT
May 27 2015 07:28:00 EDT
May 26 2015 03:12:00 EDT
May 22 2015 07:22:00 EDT
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Markets
Bunker fuel demand was a touch better for most sellers across Asia Pacific and Middle Eastern ports Thursday as crude prices dropped day on day. Front-month ICE Brent crude futures fell 28 cents/barrel during the MOC hour ended 0930 GMT. In Singapore, some sellers saw some demand on the delivered front but was lower compared with Wednesday, others said. Offers for the 380 CST grade were heard around $368-375/mt. The delivered 380 CST grade was assessed at $368/mt, down $7.50/mt from Wednesday. O... Read the full story...
Sentiment in the Asian VLCC market was soft Thursday with charterers in no rush to fix vessels amid ample tonnage, sources said. "The VLCC market has not changed much, it is sentiment- driven right now and the cheaper rates seen have been done on re-let vessels or older ships," a VLCC shipowner said. "Uncovered cargoes will carry over to next week because charterers see no need to rush in with a lot of ships still available for the second decade of June," said a broker. In fixtures heard, Petron... Read the full story...
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Trends Fujairah 180 CST Fujairah 180 CST

Persian Gulf-Japan VLCC 265kt Persian Gulf-Japan VLCC 265kt

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