Market Prices

Singapore Prices Rise Across All Bunker Fuel Grades

Credit : engine online

Singapore price changes on the day to 12.00 SGT (04.00 GMT) today, reports engine online:

  • VLSFO price up $5/mt to $640/mt
  • LSMGO price up $14/mt to $936/mt
  • HSFO price up $8/mt to $534/mt

Recent trends:

  • VLSFO up from 18-month low of $530/mt on 20 March
  • LSMGO up from 17-month low of $646/mt on 4 May
  • HSFO up from 20-month low of $355/mt on 8 December

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Source:engine. Online

The post Singapore Prices Rise...

https://mfame.guru/singapore-prices-rise-across-all-bunker-fuel-grades/

Whitepaper: Freight Rates May Rise Due To IMO 2020

  • Carriers and shippers are bound to face uncertainty due to IMO 2020 regulation because fuel costs constitute over 50% of operating expenses.
  • Seabury Maritime published a white paper on March 4th, in cooperation with Gemini Shippers Group,providing statistics.
  • It expects an increase of USD 600 in present costs of shipping a container from China to the USEC.
  • Several factors affecting a carrier’s calculation of the fuel surcharges make transparency extremely important to build trust.

Carriers and...

http://mfame.guru/whitepaper-freight-rates-may-rise-due-to-imo-2020/