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Wed 13 Nov 2013, 06:42 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes trading ended with more dips this afternoon. Fueloil cargo fell by about USD5.00/MT while Gasoil cargo went under another about USD0.60/BBL today. All delivered prices were offered cheaper due to demand level being quite low for these few days. Crude futures are firming up gradually. Meantime, our bunker indication is revised downward for all grades.

Morning Commentary

WTI Crude for December took a sharp dip last night and shed off USD2.10/bbl. Similarly, ICE Brent future for December fell by USD0.59/bbl. This has dragged down Paper market sentiment this morning. Both Fueloil and Gasoil papers were pegged lower by about USD4.00/MT and USD0.55/bbl respectively. We shall see how Cargoes trading will react this afternoon. Meantime, our bunker indication is revised downward for all grades.

Singapore  Singapore (SG) 
DP World London vessel. DP World names first methanol dual-fuel vessel at ceremony in Aarhus  

Marine services business, Shipping Solutions, names 1,250-TEU boxship with five-cylinder main engine.
Wind of Ocean vessel. LD Armateurs launches first of two SOVs for Vattenfall at Chinese shipyard  

Wind of Ocean features hybrid-electric propulsion and a double-ended hull design.
Business handshake. Singapore and Brazil sign MoU to establish green and digital shipping corridor  

Two countries will collaborate on maritime decarbonisation, digitalisation and alternative marine fuel supply chains.
WinGD logo. WinGD modelling shows retrofit pathways to net zero can pay off, but policy support remains key  

Fuel economics and regulation — not engine technology — are the main barriers to cost-effective decarbonisation retrofits, says report.
We are hiring graphic. Arte Bunkering seeks Mandarin-speaking senior bunker trader to establish presence in China  

European trading firm is expanding into China with its first on-the-ground hire.
Empire State Building, New York. Monjasa recruiting trader for New York team  

Experience in marine fuel or shipping an advantage but not a requirement.
Maritime Bunkering course participants. SSA launches training course to prepare maritime companies for Singapore’s mandatory digital bunkering  

Course designed to help companies evaluate the impact of digitalisation on their existing workflows and business processes.
Limassol cityscape. Monjasa opens two trader roles at Cyprus base, one for Italian speaker  

Experience in shipping or sales described as a requirement.
GRSE work order handing-over ceremony. GRSE wins West Bengal orders for two hybrid diesel-electric ferries  

Indian state-owned shipbuilder expands green inland waterway portfolio with latest contracts.
New Sea Generation (NSG) logo. New Sea Generation seeks experienced bunker traders in Greece  

Bunker trading firm is offering equity and a path to partnership.




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