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Business Bunker Fuel Market 2021-26: Industry Analysis, Trends, Share, Size and Forecast
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VPS Talks: Damage Prevention
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FIS and ENGINE announce bunker pricing partnership
Freight Investor Services (FIS) and Engine Technologies (ENGINE) are delighted to announce a new data sharing partnership, bringing together their respective expertise on bunker futures and physical markets.
The partnership, due to go live 17th May, will see physical and future derivative prices on fuel oil products available on both the FIS Live and ENGINE platforms. This will bring together the leading provider of marine fuels derivatives and the most comprehensive bunker digital platform.
Kerry Deal, Head of Business Development at FIS, said that: ‘It’s been a true pleasure to work with ENGINE, to pair our longstanding expertise on the derivatives market with the world’s most comprehensive platform for marine fuel. This is really a partnership that benefits customers on both sides, allowing full price transparency, physical purchasing, and futures hedging ability across bunker products. This is something we have heard c
ICE Announces Rapid Growth In Marine Fuel And Wet Freight Complex A Year On From IMO 2020 Date
Wet Freight hits record OI of more than 106,000 lots
2.3 billion barrels of marine fuel and 600 million tonnes of wet freight traded on ICE in 2020
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced record growth across its Marine Fuel and Wet Freight complex, a year on from the implementation of the sulphur cap by the International Maritime Organization (IMO) in January 2020.
The IMO regulation requires ships to use fuel oil with a maximum sulphur content of 0.5% versus the previous limit of 3.5%. Since February 2019, ICE has launched a series of cash settled Marine Fuel products which settle against the S&P Global Platts’ physical Marine Fuel 0.5% assessments, including a further 15 contracts which launched in December 2020. Today, the complex
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