Thu 29 May 2014, 15:06 GMT

Global Vision Market Report



U.S.

API: Crude oil +3.5 Distillates +0.8; Gasoline -1.4 million barrels vs previous week.
Forecasts: Crude oil +0.3; Distillates -0.2; Gasoline +0.3 million barrels vs previous week.

Houston (ex-wharf indications 29-5)

380cst $604
180cst $702
MGO $992

New Orleans (ex-wharf indications 29-5)
380cst $609
180cst $690
MGO $987

Singapore (delivered indications 29-5)

WTI is down with -$1.43. Singapore paper is up with +$1.00 for 180cst and +$0.25 for 380cst for Jun, and for Jul 180 cst +$0.25 and 380cst with +$0.25 with MGO contracts being bearish in Jun with -$0.65 and in Jul with -$0.49. The cargo market is bearish with 180 cst -$3.58, 380cst with -$2.18 and MGO with -$0.36.

The Singapore fuel oil prices extended its loss dropping between -$3.5 to -$2.0 during the Platts window. The delivered bunker premiums were around +$3.5 to +$5.0 above cargo prices yesterday.

380cst $606
180cst $621
MGO $920

Fujairah (delivered indications 28-5)

380cst $614
180cst $648
MGO $985

ARA (Amsterdam - Rotterdam - Antwerp)

No indications out today

MGO  

TMS Tankers logo. Lloyd’s Register delivers fleet-wide energy transition roadmap for TMS Tankers  

LR Advisory maps vessel-level compliance risk and decarbonisation pathways across the Greek owner’s tanker fleet.

Dr Prapisala Thepsithar, GCMD. GCMD shares biofuel assurance and green finance insights at Hong Kong shipping decarbonisation forum  

The Global Centre for Maritime Decarbonisation presented pilot findings on biofuels and energy efficiency financing.

Laura Maersk ethanol bunkering graphic. Maersk conducts large-scale ethanol bunkering trial on Laura Maersk in Rotterdam  

A.P. Moller – Maersk has conducted a barge-delivered ethanol bunkering operation as part of ongoing fuel trials.

Luminara vessel truck-to-ship bunkering. MOL Techno-Trade completes first LNG bunkering for international cruise ship in Hokkaido  

Truck-to-ship LNG operation at Hakodate marks first such supply to an international cruise vessel in Hokkaido.

Acta Gemini vessel. Acta Marine takes delivery of methanol dual-fuel CSOV Acta Gemini for RWE wind farm charter  

The vessel will support operations at the Sofia Offshore Wind Farm at Dogger Bank.

Yeva Wood and Kirsten Møller Jørgensen. Malik Supply expands Danish team with bunker trader and finance hire  

Danish bunker supplier Malik Supply adds two new staff across its Fredericia and Aalborg offices.

AiP award ceremony for a 10,000-teu biofuel-powered container ship. HJSC wins AiP for 10,000-teu biofuel-powered container ship design  

South Korean shipbuilder HJ Shipbuilding & Construction receives classification society approval for its biofuel vessel design at Posidonia.

Active vessel. Capital Clean Energy Carriers takes delivery of LNG carrier and dual-fuel gas carrier, secures five new charters  

Athens-based CCEC expands its fleet and pushes contracted revenue backlog to $3.1bn.

VPS logo. Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages | Rahul Choudhuri, VPS  

Managing fuel quality deterioration following the closure of the Strait of Hormuz.

Person signing a document. Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group  

Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.