The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:
Commentary:
Most of the commodity sector is focused on finance as the banking troubles, put mildly, on both sides of the Atlantic have caused a drop in energy prices. Though commodities should be a safer haven if banking and fin-tech equities are dropping, the bunker market has had a consistent downward slope since last week’s report, and most grades/locations are at their 7-day low as we head towards end-week. High-sulfur / 380 in ARA and Houston are down 10% and 9% respectively, and Fujairah VLSFO is down 9% week on week. Singapore availability remains tight.
Note:
All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur DMA 0.1% Sulphur
Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area
Submitted weekly at Close of Business on Thursdays
Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect, Transparensea Fuels
Photo credit and source: Baltic Exchange
Published: 17 March, 2023
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