Fujairah 380 CST bunker premium hits 27-month high on tight barge supply

The premium for Fujairah-delivered 380 CST bunker fuel hit a 27-month high amid tight barge supply for prompt deliveries, following brisk activity in recent weeks. The premium for Fujairah-delivered 380 CST bunker fuel to the Mean of Platts Arab Gulf 180 CST high sulfur fuel oil assessments rose by $1.73/mt day on day to $22.27/mt
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Japan’s bunker fuel market is bracing itself for the impact of two typhoons, which is forecast to make landfall later this week. “Typhoon Soulik will hit west Japan on Wednesday-Thursday, and typhoon Cimaron will hit the entire Japan from Friday-Saturday,” a trader said. The Japan Meteorological Agency at 0045 GMT Monday reported that typhoon Soulik,
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SK Energy International secured approval on Monday from Singapore’s Maritime Port Authority to offer 0.1% ultra-low sulfur fuel oil bunker fuel with an MPA-approved mass flow meter system from August 9, a company source said Tuesday. The MT Wisdom, which was chartered by SK for ULSFO delivery, is the first and the only MPA-approved MFM
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Grain barge shipping came to a near standstill in parts of the U.S. Midwest on Thursday as recent heavy rain and melting snow swelled rivers, halted barge loading and sidelined the towboats that haul farm belt crops to Gulf Coast export terminals. The flooded waterways sent cash premiums for corn barges delivered to Gulf Coast
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