Global Vision Market Report

Wed 31 Dec 2014, 11:41 GMT

Global Vision Market Report

Market report from Global Vision Bunkers B.V.

Oil dropped below $57 a barrel this morning and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the U.S. shale boom and OPEC's refusal to cut output.

U.S.

Houston (ex-wharf indications 31-12)
380cst $308
180cst $447
MGO $689

New Orleans (ex-wharf indications 31 -12)
380cst $336
180cst $380
MGO $674

Singapore (delivered indications 31-12)

380cst $320
180cst $340
MGO $550

Fujairah (delivered indications 31-12)

380cst $325
180cst $360
MGO $850

MGO


		ROC begins construction of second chemical tanker for Essberger Chinese shipbuilder holds steel-cutting ceremony for 13,000-dwt methanol-ready vessel with ice class capability.

		Norsepower and Cosco Shipping Heavy Industry Equipment sign wind propulsion cooperation agreement Wind propulsion technology provider partners with Chinese shipyard to scale rotor sail production.

		Shipping firms struggle to prioritise decarbonisation investments amid regulatory uncertainty, Wärtsilä survey finds Survey of 225 maritime executives reveals 70% say uncertainty hinders investment decisions despite regulatory pressure.

		Longitude Engineering unveils IMT Isca G-Flex PSV design with alternative fuel capability Naval architecture firm launches adaptable platform support vessel design based on the IMT-984 G-Class hull.

		Shore power infrastructure is key to cutting ferry emissions in European cities, says EmissionLink Port electrification is needed to enable vessels to switch off engines at berth, reducing urban pollution.

		Singapore prioritises maritime resilience amid geopolitical uncertainty, eyes digitalisation and green fuels MPA chief outlines the sector’s adaptation to supply chain disruptions while advancing automation and alternative fuels.

		China exports first domestically blended biofuel for marine use from Zhoushan A vessel carries 2,600 tonnes of biofuel blend to Qingdao Port for international ship refuelling.

		H2SITE to present ammonia-cracking technology at Green Ammonia Energy Workshop Spanish company to showcase APOLO project's role in producing hydrogen for maritime decarbonisation.

		Tsuneishi-Cebu delivers methanol dual-fuel Kamsarmax bulker Philippine shipyard hands over 81,100-tonne deadweight vessel capable of running on methanol fuel.

		Port of Rotterdam secures EUR90m EIB loan for shore power installations Financing will support shore power infrastructure at three container terminals, with an EU grant also approved.