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October 20, 2014
Platts Marine
Marine News
Oct 17 2014 14:13:00 EDT

Falling bunker fuel prices are putting downward pressure on freight rates for dry bulk and tanker vessels operating in Northwest Europe, market sources said. Freight rates Panamax c...

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Oct 17 2014 09:35:00 EDT

Scrubber technology is the most economic option for shipowners who are looking for alternatives to cope with the increasingly stringent environmental regulations the shipping industry is facing, BP...

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Oct 16 2014 15:28:00 EDT
Oct 16 2014 07:47:00 EDT
Oct 16 2014 06:26:00 EDT
Oct 15 2014 16:24:00 EDT
Oct 15 2014 07:37:00 EDT
Oct 15 2014 07:34:00 EDT
Oct 14 2014 17:51:00 EDT
Oct 14 2014 09:28:00 EDT
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Bunker fuel demand closed off the week on a low note Friday, with hardly any market activity seen across the Asia Pacific and Middle East ports. Flat prices strengthened day on day on the back of stronger crude. Front-month ICE Brent crude futures rose 84 cents/barrel during the Platts Market On Close assessment hour ended 0930 GMT. In Singapore, demand was low. On the ex-wharf front, bids continued to be few and far between. Offers for the 380 CST grade were heard around $480-484/mt. Trades wer... Read the full story...
Worldscale rates for VLCCs on the East of Suez routes were mostly steady Friday due to a lack of chartering activity, but market participants said this is just a lull before the cargo stem nominations are announced next week. Both owners and charterers are awaiting the nominations, participants said. Weak demand for crude continues to weigh on the market, they said. A slowdown in growth of trade in crude typically translates into less demand for ships. "Currently there is no change in the market... 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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