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August 21, 2014
Platts Marine
Marine News
Aug 20 2014 15:58:00 EDT

Cargo volumes at the Port of Tacoma, Washington, totaled 1.17 million TEUs, up more than 8% from the same period of last year, the port said Tuesday. A TEU, or 20-foot equivale...

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Aug 20 2014 09:13:00 EDT

The Novorossiisk bunker market has expanded significantly this year as demand for bunker fuel has soared amid limited availabilities to cover prompt volumes, sources said. "Demand i...

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Aug 19 2014 15:02:00 EDT
Aug 19 2014 10:07:00 EDT
Aug 19 2014 08:36:00 EDT
Aug 18 2014 17:29:00 EDT
Aug 18 2014 06:11:00 EDT
Aug 18 2014 05:19:00 EDT
Aug 15 2014 12:35:00 EDT
Aug 15 2014 06:19:00 EDT
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Markets
Bunker fuel demand in the Middle East and Asian ports remained lukewarm, according to trade sources Wednesday, as flat prices recovered slightly. Front-month ICE Brent crude oil futures rose 28 cents/barrel during the one-hour Platts Market on Close assessment process that ended at 0930 GMT. In Singapore, traders described delivered bunker fuel demand as being "OK." For the ex-wharf 380 CST bunker grade, offers were heard around $592-594/mt, while bids were heard at around $590/mt. Trades were h... Read the full story...
VLCC rates for voyages on the East of Suez routes fell for the first time in two weeks Wednesday due to a lack of chartering demand, even though owners stuck to their offers. Rates had been assessed higher or unchanged day on day since August 6 and hit a six-month high Tuesday before retreating as charterers began to hold back their requirements, market participants said. "Fewer cargoes are expected from the Persian Gulf this month due to more loadings from West Africa in July," said a VLCC brok... 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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