BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X

Platts Marine


A closer look at Platts shipping coverage


Home Bunker Fuel Tankers
April 23, 2018

Platts Marine

Marine News

Apr 23 2018 05:58:00 EDT

Kuwait is planning to more than double its tanker fleet over the next two decades, as it aims to secure future crude oil and product supplies, Kuwait Petroleum Corp CEO Nizar al-Adsani Monday said....

Read the full story

Apr 23 2018 03:24:00 EDT

Vopak Terminals Singapore and Stolthaven Singapore's recent moves to offer concurrent bunkering services at its terminals have been hailed as a solution to ease congestion at Singapore's anchorages...

Read the full story

Apr 20 2018 02:08:00 EDT
Apr 19 2018 23:32:00 EDT
Apr 19 2018 15:54:00 EDT
Apr 19 2018 09:39:00 EDT
Apr 19 2018 07:36:00 EDT
Apr 19 2018 05:33:00 EDT
Apr 19 2018 05:26:00 EDT
Apr 18 2018 05:28:00 EDT
Follow our marine news, delivered by a team of dedicated journalists around the clock, on a real-time basis with Platts Marine Alert.

Markets

Bunker fuel demand ended the week on a quiet note Friday, as most buyers continued to remain on the sidelines for a clearer direction on crude prices, trade sources said. On the ex-wharf front, there were no trades during the Platts Singapore Market on Close assessment process. Toyota Tsusho bid for 3,500mt of Singapore ex-wharf 380 CST bunker at $397.50/mt for April 23-25 loading. Offers outside the MOC were heard between $398-$399/mt. The grade was assessed at $397.75/mt Friday, down $1.50/mt ...
Read the full story
The week ended on a quiet note for East of Suez VLCC tankers, with only two fixtures heard, market sources said Friday. Long vessel supply was a downward pressure on trading sentiment, with around 30 excess vessels each month on the PG VLCC position list. "The market is very terrible, right now it is a two-tiered market where older ships are taking low w30s and modern ones low w40. Currently, the older 15%-20% of the market tonnage is pulling it down, but 2001-2003 built ships are being taken ou...
Read the full story
Make sense of what is moving the market and why with daily market commentary

Trends




Receive end-of-day price assessments at your desktop with Platts Market Data

Bunker Fuel




Tankers




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.