January 2023 - Integr8 Fuels

Weekly Market Update Jan 23-27

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A summary of the most important developments in the bunker market, published every Friday.

This week’s Top 3 headlines:

Hapag-Lloyd and Mabanaft explore ammonia
Nigeria opens first deep sea port
Ferry methanol STS bunkering in Gothenburg

Prices have changed quickly; Here’s what we are looking at

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The bullish sentiment has kicked-in; Singapore VLSFO is up $100/mt

In our report at the end of December we highlighted a change in sentiment towards a more bullish bunker price view. This was centred on IEA analysis and changes in their forecasts towards a stronger than anticipated growth in global oil demand for this year.

It is only early days, but after an initial dip in prices at the start of the year, Singapore VLSFO has risen by $100/mt (plus 17%) over the past 2 weeks.

Source: Integr8 Fuels

Weekly Market Update Jan 16-20

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A summary of the most important developments in the bunker market, published every Friday.

This week’s Top 3 headlines:

Chinese refineries cut VLSFO production
Stone Oil announces two bunker delivery vessels for Houston area operations
Equatorial Marine Fuel becomes biggest Singapore supplier

Weekly Market Update Jan 09-13

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A summary of the most important developments in the bunker market, published every Friday.

This week’s Top 3 headlines:

Bad weather triggers bunker halt in Zhoushan’s OPL area
Port of Prince Rupert explores ban on open-loop scrubbers
Minerva stops physical bunker supply in Los Angeles and Long Beach

Weekly Market Update Jan 02-06

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A summary of the most important developments in the bunker market, published every Friday.

This week’s Top 3 headlines:

China boosts VLSFO export quotas
Port of Southhampton plugged 15 ships into shore power in 2022
Houston suppliers rush to clear backlogs from recent fog disruptions