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January 26, 2015
Platts Marine
Marine News
Jan 23 2015 15:02:00 EST

Liquidity in the Atlantic Supramax market has been low in the first three working weeks of January, with key loading areas such as the US Gulf Coast, UK-Continent and Mediterranean marked by a dea...

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Jan 23 2015 09:56:00 EST

The cost of sending 270,000 mt fuel oil cargoes from Rotterdam to Singapore has hit its highest level in almost five years due to a shortage of available VLCCs in the Atlantic Basin, shipping sourc...

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Jan 22 2015 16:56:00 EST
Jan 22 2015 15:36:00 EST
Jan 22 2015 07:06:00 EST
Jan 22 2015 06:09:00 EST
Jan 22 2015 04:30:00 EST
Jan 21 2015 16:28:00 EST
Jan 21 2015 08:48:00 EST
Jan 21 2015 09:39:00 EST
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Markets
Bunker fuel demand remained robust in some ports across the Asia Pacific and Middle East, with others gradually recovering from congestion following bouts of poor weather. In Singapore, sentiment on the ex-wharf front was said to be bullish, with market participants pointing out to the rally in crude futures following the death of Saudi Arabia's King Abdullah. "I'm surprised that I can reach a much better price these days," a trader commented. Offers for the 380 CST grade were heard around $282-... Read the full story...
Worldscale rates for VLCCs were lower Friday as ample supply weighed on the market, participants said. At least some owners were showing interest in fixing ships below the last done levels, they said. The key Persian Gulf to Japan route was assessed w0.5 point lower at w69 Friday. "The tonnage list for the first half of February is starting to build up as stems for Eastbound cargoes have not appeared in full force," said an VLCC broker in Singapore. Despite signs of softness that the charterers... 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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