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November 27, 2014
Platts Marine
Marine News
Nov 27 2014 01:47:00 EST

Worldscale rates for VLCCs on the East of Suez routes have reached more than nine-month highs, on strong demand to move crude in the winter season, tight supply as charterers combine smaller cargoe...

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Nov 26 2014 09:18:00 EST

PwC and ING Bank NV have reached an agreement on the handling of Danish fuel supplier OW Bunker's Danish assets, following the company's collapse, PwC said in an email statement late Wednesday....

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Nov 26 2014 09:19:00 EST
Nov 25 2014 15:05:00 EST
Nov 24 2014 13:42:00 EST
Nov 24 2014 09:07:00 EST
Nov 24 2014 07:37:00 EST
Nov 21 2014 09:07:00 EST
Nov 21 2014 07:39:00 EST
Nov 21 2014 04:20:00 EST
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Markets
Bunker fuel demand was slow Wednesday across the Asia Pacific and Middle East regions, said sellers. Front-month ICE Brent crude futures rose 29 cents/barrel during the Platts Market On Close assessment hour ended 0930 GMT. In Singapore, demand on the delivered front was slow, while offers for the delivered 380 CST grade were heard around $458-468/mt. No trades were heard concluded during the MOC process. The delivered 380 CST grade was assessed at $457.50/mt, down $10/mt from Tuesday. On the ex... Read the full story...
VLCC rates on the East of Suez were higher Wednesday, moving above the key psychological mark of w60 on strong demand and a flurry of fixtures. "With too many charterers entering the market at the same time, rates are well supported," said a source with a VLCC owner. The next done fixture will be at a rate higher than the last done levels, he said. Seven outstanding cargoes were rolled over from overnight and another five were expected to hit the market Wednesday, keeping demand on the higher si... 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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