May 24, 2012
Platts Marine
Marine NewsMay 24 2012 07:46:00 EDT
Oil trader Vitol has fixed the Suezmax Matala to load a 130,000 mt fuel
oil cargo from Rotterdam on June 30 for delivery into Singapore at a lump sum
of $3.5million, shipping and trading sources sa...
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May 24 2012 06:14:00 EDT
US-based tanker pool operator Heidmar has added eight tankers to its
fleet, the company said in a statement late Wednesday. Four vessels -- the Umlma, the SC Sara, the Sharp Lady an...
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May 24 2012 05:15:00 EDT
May 23 2012 08:20:00 EDT
May 22 2012 07:47:00 EDT
May 22 2012 04:59:00 EDT
May 21 2012 06:38:00 EDT
May 21 2012 05:22:00 EDT
May 18 2012 06:32:00 EDT
May 18 2012 04:53:00 EDT
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Markets
Singapore bunker prices showed relative strength Wednesday, despite weaker
cargo values, as demand helped to support prices. The benchmark Singapore 380
CST grade dropped by $1/mt, to $653.50/mt -- in comparison 380 CST cargo
prices were down $3.61/mt to $647.33/mt. That took the 380 CST bunker premium
over 380 CST HSFO to $7.17/mt, the highest since May 7 when it stood at
$7.49/mt. One trade source said that despite lower flat prices and higher
bunker premiums, buyers had to cement deals at the...
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Charterers seemed to have a slight advantage in the VLCC market out of the
Persian Gulf Wednesday as rates for the key Persian Gulf-East voyages dropped
a few points. A few ships were seen accepting w57-58 rates with the market
losing momentum, while activity looked pretty decent. "The market is in the
high w50s at the moment. The market will not go above w50 because I see a lot
of tonnage for the second window. I think even if the charterers are taking
good tonnage, they may end up paying only ...
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