Market
update

Update
Contact your team

360° Contact 24/7

News from
BMS United

04-08-2015

Analysts: Modern Fleet Makes Singapore's NOL a Bargin at $2 Billion

Analysts say that should a sale of NOL come to fruition, the transaction would offer the buyer “a modern fleet at a comparative bargain price".
04-08-2015

Royston Responds to Increased Nigerian Demand for Fuel Monitoring

Royston reports increasing Nigerian demand for marine engine monitoring systems that include accurate fuel management reporting.
03-08-2015

SK Energy Starts ULSFO Supply in Singapore

The product is said to be fully compliant with, and compatible with all other, ISO8217 RME180 specification fuels.
03-08-2015

Record Volumes Reported by World Fuel Services, but Share Price Tanks as Earnings Miss Estimates

The company's share price plunged after earnings missed analyst expectations.
03-08-2015

US Moves One Step Closer to Being an Oil Exporter as Senate Backs "No Fossil Fuel Left Behind Act"

Alaska Republican Senator Lisa Murkowski sponsored the bill. The U.S. Senate
03-08-2015

Tech Firm Releases New "Lab in a Box" Fuel Quality System

The system reportedly determines density, particulate and water content in real time.
31-07-2015

Crude Futures Soften on Firming U.S Dollar

Crude futures declined slightly today on the firming of the U.S dollar, making commodities priced in U.S currency less attractive to buyers of other monetary holdings. U.S inventories saw a draw of 4.2 million barrels last week which caused the market to shift from the heavy sell offs we have all witnessed lately. If it wasn't for the firming dollar we could have expected crude futures to rise to higher levels today. Brent front month contracts for S
31-07-2015

Iran Likely to Face Hurdles Selling Condensate to China

A major Chinese importer is experiencing an outage, while weak refining margins have depressed demand.
31-07-2015

Iran Officials Seek to Dispel Rumours of Crude Floating Storage

The 30 million barrels stored at sea is mostly condensate and fuel oil, according to officials.
31-07-2015

U.S. Firms Aiming For Hydrogen Fuel Cell Ferry and World's Largest Refueling Station

Project SF-BREEZE is being developed through a partnership between U.S.-based Sandia National Laboratories and San Francisco's Red and White Fleet.
31-07-2015

Singapore's NOL Posts $3 million Profit for Q2 2015 Outside of APL Logistics Sale

NOL has reported a net profit during 2015's Q2, the first time in six quarters.
31-07-2015

Dry Bulk May Be Seeing First Signs of Recovery

The Baltic Dry Index climbed above 1100 points this month. The dry bulk secto
31-07-2015

Hong Kong Dry Bulk Operator Pacific Basin Reports $5.8 million Net Profit

Pacific Basin's core dry bulk business generated a net loss of $15.4 million.
30-07-2015

Crude Prices Edge Upwards

Both the ICE and NYMEX markets traded in the green today after a Dow Jones report stated that Saudi Arabia will cut back production by 300k barrels per day after the summer season, this was coupled with EIA data showing that U.S crude inventories incurred a 4.2 million barrel draw last week. Brent front-month contracts for September firmed up $0.08 cents settling at $53.38 per barrel while WTI contracts for September delivery were up $0.81 cent per barre
30-07-2015

Report Suggests Singapore's Container Port Lags Behind Malaysia and China in Productivity

Singapore's container port reportedly moved an average of 66 containers per hour per ship in 2014, compared Shanghai, which averaged 167.
30-07-2015

Second Singapore Vessel Arrest This Month

Welfine was arrested on July 23, 2015 following action by local law firm Rajah & Tann Singapore LLP.
30-07-2015

Panama Canal Expansion Over 90% Complete

The Panama Canal expansion project is currently said to be working on the completion of the Third Set of Locks.
30-07-2015

Scorpio Tankers Closes Q2 with $96.8 Million Net Income

Scorpio Tankers reports it has reached a net profit of $96.8 million during the first six months of 2015.
29-07-2015

Heavy Volatility, Mixed Movements for Crude Futures

Crude futures saw heavy volatility during the trading day today as speculators expect a significant draw in U.S crude inventories\u00a0 this week. Brent contracts for September delivery were down to $52.00 early in the day and spiked as high as $54.00. Ultimately, Brent contracts settled down $0.17 cents per barrel since last close. U.S light sweet crude pushed into the green today settling at $47.98 per barrel up $0.58 cents since yesterdays closing
29-07-2015

No Floor in Sight as New York MGO Prices Slide to Multi-Year Low

New York has seen demand for MGO double, according to one local trader. MGO p
Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54  Next