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April 20, 2018

Platts Marine

Marine News

Apr 20 2018 02:08:00 EDT

Bunker fuel prices in Singapore hit a year-to-date high Thursday on the back of the recent rise in crude prices, even though market sources said spot demand was lukewarm and likely to remain so in ...

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Apr 19 2018 23:32:00 EDT

Taiwan's state-owned refiner CPC issued an alert Friday morning saying it would be unable to process bunker fuel customs declarations at Taichung port on Friday afternoon because of a company sched...

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Apr 19 2018 15:54:00 EDT
Apr 19 2018 09:39:00 EDT
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Apr 18 2018 05:28:00 EDT
Apr 18 2018 03:47:00 EDT
Apr 17 2018 16:11:00 EDT
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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 ...
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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...
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