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Thu 18 Jun 2009, 05:14 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo surged sharply by about USD8.00/MT supported by just a deal traded, notably many bidders and offers were seen on screen. Gasoil cargo closed bullish by about USD1.80/BBL.

Delivered products were selling much higher this afternoon for all grades, even though WTI Crude is not showing much hike so far. Meantime, our bunker indication is revised upward for all indices, amid average demand till now.

Morning Commentary

NYMEX Light Sweet Crude Oil price closed higher last night to settle at USD71.03 a barrel; WTI Access trading is showing quite steady with not so much fluctuation this morning.

Fueloil paper opened almost flat with marginal hike of just fifty US cents per metric ton. On the other hand, Gasoil paper opened much strong today, surged by USD1.40/BBL. For the time being, only our Distillates indices were revised upward and maintain the same for the rest of the grades.

Singapore  Singapore (SG) 
ClearMariner homepage. ClearMariner expands maritime sanctions screening with ESG, emissions and API support  

Online service now combines sanctions checks with voyage CO₂, CII, EU ETS and FuelEU Maritime estimates.
Long Jing Xin, Flex Commodities. Flex Commodities adds Long Jing Xin to Singapore marine fuels team  

Company appoints associate for marine fuels as part of plan for regional expansion.
CMA CGM logo. CMA CGM recruiting risk manager to oversee oil, gas and CO₂ exposure in energy and bunkering unit  

Container line seeks senior hire for hedging, stress testing and fuel purchasing performance oversight.
Mineral Europa vessel. CMB.Tech's Mineral Europa starts maiden voyage as first ammonia-powered dry bulk vessel  

Ship is bound for Australia, with 21 ammonia-powered vessels due to join its fleet by 2029.
Launching ceremony of vessel with builder's hull no. 0330006. New Times Shipbuilding launches 299,500-DWT LNG dual-fuel crude oil tanker  

Sixth vessel in series launched in Jiangsu province, China.
Closing ceremony of vessel with builder's hull no. 0208123. LNG dual-fuel boxship handed over to Eastern Pacific Shipping  

Closing ceremony held for 8,400-TEU vessel in Jiangsu province.
Keel-laying ceremony of vessel with builder's hull no. CHB2085. Changhong International lays keel of third 3,100-TEU boxship for Costamare Shipping  

Feeder vessel to feature scrubber system, supporting the use of high-sulphur fuel oil.
Launching ceremony of vessel with builder's hull no. CHB3015. Changhong International launches fifth 115,000-tonne product tanker for Navios  

Vessel is designed for future methanol or LNG use and includes provision for medium-voltage shore power.
ABS and DOE sign MoU. ABS and US Department of Energy sign MoU on maritime nuclear applications  

Agreement covers floating nuclear power, nuclear-powered vessels and the port and shipyard infrastructure needed to support them.
NMSSC visits Golden Centaurus. Singapore safety council inspects methanol bunker tanker Golden Centaurus  

NMSSC members 'encouraged' by integration of structural and operational safety into newly commissioned IMO Type II vessel.




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Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM Dual-fuel E-fuel E-methane / e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



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