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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) 
NYK Line car carrier render. NYK begins one-year B100 biofuel trial on car carrier  

Japanese shipping company NYK Line launches continuous 100% biofuel trial to assess long-term operational safety.
Caroline Yang, Hong Lam Marine. IBIA names Caroline Yang as chair of Asia regional board  

Hong Lam Marine CEO takes over from Capt. Rahul Choudhuri in leadership transition at the bunkering association.
Koki Harada, MOL. MOL outlines biomethane strategy and calls for cross-sector collaboration at Asia renewable gas conference  

Japanese shipping company MOL presents its bio-LNG approach and decarbonisation pathway at industry forum.
Maritime Technologies Forum (MTF) logo. MTF issues safety management guidelines for wind-assisted propulsion systems  

New guidelines aim to help shipping companies integrate WAPS into safety management systems.
MSC Maria Renata vessel. Changhong International delivers LNG dual-fuel boxship to MSC 159 days ahead of schedule  

The 10,300-teu MSC Maria Renata is designed to meet ammonia-ready and methanol-ready requirements.
Birjo II vessel. Sunoil and BFT convert Dutch inland barge Birjo II to run on 100% biodiesel  

Dutch barge Birjo II has been converted to operate on B100, cutting CO₂ emissions by up to 90%.
Renewable and low-carbon methanol project pipeline chart as of May 2026. Global renewable methanol pipeline reaches 61.6 MMT as China construction accelerates  

Gena's latest tracker shows 282 projects in development, with China and Europe dominating the pipeline.
Steel-cutting ceremony for Green Handy vessel. ESL Shipping cuts steel on first methanol-powered Green Handy vessel in Nanjing  

Finnish dry bulk carrier begins construction of four new handysize ships in China.
CMA CGM Notre Dame vessel at Singapore Port. World’s largest LNG-powered container ship makes maiden Singapore call  

CMA CGM Notre Dame arrives in Singapore on her first Asia-Europe voyage.
Singapore waterfront skyline. Uni-Fuels seeks bunker trader in Singapore as Nasdaq-listed firm expands team  

Role includes managing end-to-end transactions, identifying opportunities and optimizing margins.




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