May 23, 2012
Platts Marine
Marine NewsMay 23 2012 08:20:00 EDT
The premium of Hamburg bunker fuel over that of Rotterdam is falling as
the Dutch port responds to buying interest in its key fuel oil export
destination of Singapore, traders said Wednesday....
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May 22 2012 07:47:00 EDT
There are extended waiting times for vessels wanting to discharge clean
petroleum products, including 0.2% gasoil, at the Egyptian General Petroleum
Corporation held ports of Alexandria and Suez. ...
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May 22 2012 04:59:00 EDT
May 21 2012 06:38:00 EDT
May 21 2012 05:22:00 EDT
May 18 2012 06:32:00 EDT
May 18 2012 04:53:00 EDT
May 17 2012 06:49:00 EDT
May 17 2012 05:00:00 EDT
May 17 2012 06:04:00 EDT
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Markets
Singapore bunker prices showed relative strength Wednesday, despite weaker
cargo values, as demand helped to support prices. The benchmark Singapore 380
CST grade dropped by $1/mt, to $653.50/mt -- in comparison 380 CST cargo
prices were down $3.61/mt to $647.33/mt. That took the 380 CST bunker premium
over 380 CST HSFO to $7.17/mt, the highest since May 7 when it stood at
$7.49/mt. One trade source said that despite lower flat prices and higher
bunker premiums, buyers had to cement deals at the...
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Charterers seemed to have a slight advantage in the VLCC market out of the
Persian Gulf Wednesday as rates for the key Persian Gulf-East voyages dropped
a few points. A few ships were seen accepting w57-58 rates with the market
losing momentum, while activity looked pretty decent. "The market is in the
high w50s at the moment. The market will not go above w50 because I see a lot
of tonnage for the second window. I think even if the charterers are taking
good tonnage, they may end up paying only ...
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