May 21, 2012
Platts Marine
Marine NewsMay 21 2012 06:38:00 EDT
Panamax freight rates to move coal on established routes from South
Africa's Richards Bay to India fell Monday, with sources saying Indian
charterers are keen on lower prices as a weak rupee weighs...
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May 21 2012 05:38:00 EDT
Various shipowners' associations in Asia late last week issued a
statement protesting the proposed increase in the Panama Canal toll charges,
slated to come into effect from July, for various segme...
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May 21 2012 05:22:00 EDT
May 18 2012 06:32:00 EDT
May 18 2012 04:53:00 EDT
May 17 2012 06:49:00 EDT
May 17 2012 05:00:00 EDT
May 17 2012 06:04:00 EDT
May 16 2012 07:58:00 EDT
May 16 2012 07:09:00 EDT
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Markets
Singapore bunker prices slid Friday, tracking continuing weakness in crude
contracts. The benchmark Singapore 380 CST grade fell by $19/mt, in tandem
with the $20.86/mt drop in Singapore high sulfur fuel oil prices. As at 4.30
pm Singapore time (0830 GMT), July ICE Brent futures stood at $107.13/barrel,
down heavily by $2.34/b from the same time the previous day. In Singapore,
demand was still soft though it was seen to be picking up. Some sellers
reported no bids at all, while others saw more e...
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The Asian VLCC market made a comeback of sorts Friday after a shaky start to
the week. As fixing volumes perked up for the first decade loading program,
the rates have jumped from mid-w50 levels to touch the psychologically key
w60 mark. On the day, there were fixtures heard ranging from w56 to w60. "We
need to see the time schedule of the fixtures done. The latest fixture done
was at w60. The first fixture was done at w57.5," a source with a VLCC
shipowning company said. "But finally the market...
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