Brent crude oil prices are now back to the low $60s and where they were at the end of 2019, before the pandemic hit. Although VLSFO price quotes are not quite back to earlier levels, part of this will be because of the market assessments and initial in…
Bunker fuel availability is good in most major North American ports, while supply has tightened in certain ports further south such as Rio de Janeiro and Guayaquil. Fuel oil inventories are growing on the US Gulf Coast as refiners have boosted producti…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The raging of the pandemic in India and the Southeast of Asia in general is beginning to take its toll in the demolition market as well. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the Pandemic continues to plague the Indi…
Pandemic Waves Having an Adverse Effect on the Demolition Market Read More »
VLSFO and LSMGO remain in good supply in ARA and Gibraltar Strait ports, while HSFO380 has tightened slightly in ARA this week. Lead times for HSFO380 are around a day longer in ARA than last week, with 4-5 days ahead recommended for bookings now. The …
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Positive outlook for 2021 and stronger revival already in Q4 of 2020 for East Asia & Europe, uncertainty still high. Main Observations • The incorporation of the most recent historical data for the third and fourth quarter of 2020 has significantly…
New global trade forecast by IHS Markit GTA Forecasting Read More »