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September 23, 2014
Platts Marine
Marine News
Sep 23 2014 09:05:00 EDT

The UAE plans to expand its crude storage at the Arabian Sea port of Fujairah and new berthing facilities are being built to allow VLCCs, officials said Tuesday. Fujairah, the UAE's...

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Sep 22 2014 15:55:00 EDT

While recent rulings have given two Eagle Ford players legal standing to ship processed condensate overseas, it remains unclear how much of this condensate is being exported and even how much is cu...

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Sep 19 2014 16:03:00 EDT
Sep 19 2014 08:07:00 EDT
Sep 18 2014 07:28:00 EDT
Sep 17 2014 07:18:00 EDT
Sep 16 2014 15:38:00 EDT
Sep 15 2014 16:16:00 EDT
Sep 15 2014 15:09:00 EDT
Sep 15 2014 09:39:00 EDT
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Markets
Bunker fuel demand was off to a slow start Monday for many sellers at ports across the Asia Pacific and Middle East, with flat prices inching up slightly day on day along with slightly stronger crude prices. Front-month ICE Brent crude futures rose 14 cents/barrel during the bunker fuel Platts Market On Close assessment process ended 0930 GMT. In Singapore, demand on the delivered front was "okay" for some sellers. On the ex-wharf front, it was "dead" for many sellers, and some had little or no ... Read the full story...
VLCC rates on the East of Suez routes were lower Monday as an overhang of tonnage weighed on sentiment. An increase in chartering activity due to the confirmation of cargo stem nominations for October loadings has failed to provide any support, market participants said. "We had thought that the market [rates] will pick up due to higher demand, but poor refinery margins and maintenance season [has resulted in] quite the opposite happening," said a chartering source with a South Korean refiner. Ow... 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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