Prompt supply remains tight in several key East of Suez bunker ports this week. While Fujairah’s bunker market has mostly recovered from production issues two weeks ago, supply is now tighter as blending components have been held up in delayed tankers …
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
IHS Markit’s experts weighed in, regarding the impact from the latest setback in the global trade flows from the Suez Canal blockade. Greg Knowler, senior European editor at JOC (Journal of Commerce) by IHS Markit: “Even once the Ever Given is out of t…
There are currently around 30 tankers above 25,000 dwt waiting to cross the Suez Canal. We expect most vessels in ballast will decide to wait until the situation clarifies and, if fixed on a charter party, will likely get cancelled by charterers throug…
Suez Canal disruption: Analysis of impact on tanker market by Signal Group Read More »
Capesize A more tempered week saw rates soften across all routes with low activity in both basins. Resilience and strong optimism still remains from Owners, yet the tailwinds from smaller classes turned to headwinds early in the week as market sentimen…
Dry Bulk Market: Capesize Market Softens With Low Activity in Both Basins Read More »
Bunkering demand holds up relatively well While oil demand was significantly hit last year as a result of the Covid-19 pandemic, bunkering demand held up relatively well. IEA numbers show that bunkering fuel demand is estimated to have fallen by around…
Marine fuels: Hi-5 spread strength Read More »