HSFO discounts widen while contango deepens

Asia’s high sulphur fuel oil (HSFO) spot market widened on discounts on Monday, while the market structure deepened on contango for the prompt months. Singapore 380-cst HSFO cash differential was pegged at a discount wider than $7 a metric ton, while the intermonth...
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Red Sea update: Resumption of Houthi campaign

With Vanguard’s permission, we have reproduced below their comprehensive risk analysis and mitigation measures for our clients. Southern Red Sea Amid hostilities between Israel and Hamas since 2023, the Houthis in Yemen have waged a sustained campaign against...
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