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Home Bunker Fuel Tankers
June 24, 2018

Platts Marine

Marine News

Jun 22 2018 04:42:00 EDT

Sales of 700 CST delivered bunker fuel in Singapore not only reached a record high in May, but soared over January to May to astronomical levels not seen before, due to favorable pricing and availa...

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Jun 22 2018 04:42:00 EDT

Taiwan's Formosa Plastics Marine Corporation is seeking an 18-month term contract for the purchase of bunker fuel from Hong Kong over July 2018-December 2019, instead of its usual 12-month term, ah...

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Jun 22 2018 01:40:00 EDT
Jun 21 2018 14:50:00 EDT
Jun 21 2018 06:15:00 EDT
Jun 21 2018 05:19:00 EDT
Jun 21 2018 03:51:00 EDT
Jun 21 2018 03:16:00 EDT
Jun 20 2018 16:42:00 EDT
Jun 20 2018 09:08:00 EDT
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Markets

---The Singapore bunker fuel market saw an uptick in prices Friday on expectations of tight supply. "It is becoming tighter now ... not many people are offering term cargoes for July too," a Singapore bunker fuel trader said. There was, however, some mixed sentiment on current bunker availabilities. Some sources noted that the tightness in the high sulfur fuel oil market has gradually translated over to the bunker market, while others said that prompt supply was still available even though this ...
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The East of Suez VLCC tankers market was mostly lower Friday as ample supply weighed on the rates. The key Persian Gulf-China route was assessed w0.5 points lower at w57.5. "Rates are not climbing quickly as there is still a lot of tonnage available and cargo inquiries made by charterers are receiving a lot of offers. Charterers are able to negotiate for better rates," a VLCC broker said. "Amid tough competition, owners are resisting but are not successful in settling deals at desired levels," t...
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