USGC

Blue Ammonia Premium Hits Record Lows Amid High USGC Spot Prices

  • European market weakens, USGC prices firm
  • US industrial and fertilizer demand filled: source

The Platts blue ammonia premium inched slightly up from all-time lows on Oct. 5, reaching the second-lowest price on record for the assessment, amid a downtrend in the cost of production for US ammonia despite bullish US Gulf Coast ammonia prices, reports SP Global.

Premium for blue ammonia

The blue ammonia premium considers the difference in costs of production pathways between ammonia with and without...

https://mfame.guru/blue-ammonia-premium-hits-record-lows-amid-high-usgc-spot-prices/

Americas Bunkers March 22-26 Key Market Indicators

  • West Coast ports track Asia lower
  • Weaker US crude segments pressure Latin America
  • Tight supply props up New Orleans premium over Houston

Spot retail bunkers pricing trended lower the week of March 15-19 throughout the Americas, tracking a sharp decline in US energy futures amid demand concerns tied to the ongoing global coronavirus pandemic, reports Platts.

Latin America

Panama

Latin American declines were led by Panama, which saw spot 0.5%S Marine Fuel bunkers pricing shed $35 (6.6%) from March...

https://mfame.guru/americas-bunkers-march-22-26-key-market-indicators/

American Bunker Market Witness Spike in Spot Fuel Prices

Key ports throughout the Americas saw spot retail marine fuel pricing climb during the week January 4-8, with bunkers values tracking stronger US energy futures higher, reports Platts.

Latin America

Latin America bunker prices are starting the week supported by an energy complex that saw ICE Brent futures jump 9.6% from January 1 to January 8, and a 9.4% climb in wholesale marine fuel 0.5%S on the US Gulf Coast.

Advances were more moderate in the region, dictated by countries’ fundamentals.

Marine...

https://mfame.guru/american-bunker-market-witness-spike-in-spot-fuel-prices/

US Fuel Prices Hit An ‘Year High’ Amid Limited Supplies

USGC marine fuel reached its highest level in nearly a year January 7 on a rebound in the underlying crude complex along with limited blending components, reports Platts.

US marine fuels climb high

USGC marine fuel 0.5%S was assessed at $401/mt, its highest since February 25 when it was assessed at $403.25/mt, S&P Global Platts data showed. Much of this outright price rebound has stemmed from a similar increase in crude that took hold in November.

On November 6 the ICE front-month Brent futures...

https://mfame.guru/us-fuel-prices-hit-an-year-high-amid-limited-supplies/

US- Asia Pacific Arbitrage Drives VLGC Demand & Rates

According to an Argus Media report, arbitrage economics between the US and the Asia-Pacific region must remain attractive to support Very large gas carriers (VLGCs) freight rates at the higher levels recorded in the fourth quarter of this year.

The EIA has cut its 2021 forecast for domestic propane consumption to 870,000 b/d, from 920,000 b/d previously. Meanwhile, US production will rise to 5.27mn b/d in 2021, from 5.09mn b/d in 2020. This combination should constrain prices, supporting...

https://mfame.guru/us-asia-pacific-arbitrage-drives-vlgc-demand-rates/

Americas Bunkers this Week’s Key Market Indicators

  • NY, Philadelphia bunkers track stronger Brent, ULSD futures.
  • Latin America bunkers on a mixed trail; Valparaiso’s prices rise.
  • USGC ports see smaller stems dominate spot landscape, pressure prices

Spot bunkers pricing showed mixed movements throughout the Americas during the week of Oct. 12-16, and markets enter this week with an eye on crucial global energy indicators amid recent volatility and fluid demand fundamentals, reports S&P Global Platts.

Market Prices in Latin America

Spot bunker...

https://mfame.guru/americas-bunkers-this-weeks-key-market-indicators/

New waves in freight, part I: USGC-Brazil route emerges as barometer for tanker market

clean products fixtures and tonnage trend USGC-Brazil and USGC-UKC

Shifting oil product trade flows have implications for the way the market assigns value to tanker routes. In a two-part series, S&P Global Platts shipping editors look at the impact of new trends in fuel demand and supply on both sides of the Atlantic.

Trans-Atlantic product tradeflows are losing market share to Latin American-bound voyages amid rising Middle East refining capacity and diesel exports to Europe. Brazil is the second-largest petroleum products import market in the Americas, with...

https://blogs.platts.com/2020/08/06/tanker-market-freight-usgc-brazil/

Freight Rates Decline by 61% Due To Supply Drop and Low Demand

  • A drop in cargo supply has pushed clean tanker freight down to 61%.
  • Refineries have slowed throughput and oil product demand is low.
  • Arbitrage opportunity for USGC in Northwest Europe closed at minus $1.12/b.
  • USGC is taking in fewer barrels or even exporting diesel and gasoline to other regions.
  • Oil product exports decreased by 19% and gasoline exports witnessed a 41% drop.
  • Distillate exports dropped almost 30% and distillate imports increased by almost 43%.

According to an article published...

https://mfame.guru/freight-rates-decline-by-61-due-to-supply-drop-and-low-demand/

Freight Rates Take a Plunge Amid Spot Rate Hiatus!

  • USGC-China VLCC freight at $11.5 million, down 28% on the week Thursday.
  • Floating storage demand has been lending support to freight rates, despite continued talk of demand destruction from the pandemic.
  • 16 laden VLCCs and five to 10 unladen VLCCs are en route to the USGC from Saudi Arabia.

Freight for VLCCs loading on the US Gulf Coast fell more than 28% on the week as waning charterer interest has left tonnage availability wide open despite heavy tanker utilization for floating storage,...

http://mfame.guru/freight-rates-take-a-plunge-amid-spot-rate-hiatus/

Hyundai Heavy Industries Conferred With BWMS Type Approval Certificate

The United States Coast Guard (USCG) has recently issued a Ballast Water Management System (BWMS) Type Approval Certificate to Hyundai Heavy Industries Co Ltd, reports Standard Club.

HHI meets requirements

After a detailed review of the manufacturer’s type approval, application determined that the system met the requirements of 46 CFR 162.060. This brings the total number of BWMS type approvals by the USCG to 22.

The treatment principle of Hyundai Heavy Industries Co Ltd’s EcoBallast BWMS consists...

http://mfame.guru/hyundai-heavy-industries-conferred-with-bwms-type-approval-certificate/