Maritime trade had rebounded in the year 2021 in tandem with recovery in merchandise trade and world output. While medium term outlook remains positive, growth is subject to mounting uncertainties over inflationary concerns in the world economy.
Nevertheless, maritime transport remains an essential sector for the continued delivery of critical supplies and global trade during the recovery stages from a global pandemic.
Front-month cracks for 0.5% very low sulphur fuel oil (VLSFO) hit record highs in end-June amid a rally in gasoil margins, but the uptrend fizzled out in the second half of 2022, with VLSFO cracks slumping to over two-year lows in mid-December.
Guys, please don't forget FAST had venture into the oil bunkering + energy sector. With every sector + country opening up, there will be busy offshore / maritime activities which will require oil bunkering service.
Fast Energy stated that its petroleum trading activities are capital intensive, as the group must have sufficient financial resources to secure and purchase the petroleum products needed to supply customers such as companies in the shipping or bunkering industries.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nasilemak5
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Posted by nasilemak5 > 2022-12-23 15:20 | Report Abuse
Recently Sraits Energy Resources had profit up 24% on rise in oil cargo activity. will it apply to Fast ?