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'There is no secret plan to raise interest rates', insists Bailey as soaring mortgage costs hit families

Bailey told MPs that risks 'are to the upside', with energy and food costs set to climb further thanks to global conflicts and extreme weather events.

'There is no secret plan to raise interest rates', insists Bailey as soaring mortgage costs hit families

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ENGINE: East of Suez Fuel Availability Outlook

Singapore and Malaysia Despite subdued demand, bunker supply in Singapore remains constrained. Recommended lead times for VLSFO are 12-15 days, compared with 9-16 days a week earlier.

  • East of Suez faces tight bunker fuel availability, especially in Singapore and Malaysia.
  • Typhoon Dolphin, Typhoon Saudel, and heavy weather disrupt deliveries and resumption of bunkering.

Baltic Dry Index Bounces Back

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose about 0.3% to 3,584 points on Tuesday, following a 1.4% decrease in the prior session.

More from Tuesday 8 September →