World News
Pricing Platform ENGINE Launches New Bunker Trading Firm
ENGINE, a bunker pricing and news platform originally part of Navig8 Group before being spun off iinto its own entity, has launched a marine fuels trading firm.
ENGINE X will trade bunkers worldwide from offices in Dubai and Singapore, and plans to open further locations in London, Houston and Athens next year, the company said in an emailed statement on Friday.
While the new trading firm ENGINE X will remain a separate entity to ENGINE, a company source told Ship & Bunker, ENGINE X "builds on the data on the ENGINE platform."
Sid Mishra, formerly bunker trading account manager in Singapore for Integr8, has been appointed the new company's supply manager.
“Introducing the human aspect of trading was the natural progression for ENGINE,” he said.
"With its extensive knowledge base and real-time data, ENGINE X will be strategically placed to assist its customers with all their present and future energy needs.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
Popular Now More
-
May 16The company is targeting 30-50% growth from this level of traded volumes in 2024, and in Q1 already saw 35% growth from the same period a year earlier, an Oilmar representative tells Ship & Bunker. -
May 16The ISO 8217 specifications last had a new full version published in 2017. -
May 16The first real data are starting to emerge on the cost paid by the container industry for shipping's inclusion in the European Union's emissions trading system.