• 2019 March 21 10:05

    MABUX: Bunker Market this morning March, 21

    The Bunker Review was contributed by Marine Bunker Exchange

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated irregular changes on Mar. 20

    380 HSFO - USD/MT 419.50 (+1.07)
    180 HSFO - USD/MT 467.50 (+1.21)
    MGO - USD/MT 637.93 (-0.14)


    Meantime, world oil indexes demonstrated upward changes on Mar. 20 after a draw of U.S. crude oil inventories.

    Brent for May settlement increased by $0.89 to $68.50 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for May delivery rose by $0.94 to $60.23 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 8.27 to WTI. Gasoil for April delivery increased by $9.25.

    Today oil indexes continue to rise amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela

    According to EIA U.S. crude oil inventories fell at their fastest rate since July 2018 last week - by 9.59 million barrels, adding to a drop of 3.86 million barrels in the previous week. It was expected a modest stockpile build of 0.31 million barrels. The EIA report also showed that gasoline inventories fell by 4.59 million barrels, nearly twice the expected draw of 2.41 million barrels, while distillate stockpiles dropped by 4.13 million barrels, compared to forecasts for a decline of 1.09 million.

    Aggressive production cuts carried out by OPEC, headed by Saudi Arabia, and another 10 allies of the oil-producing club, led by Russia, were in the spotlight this week as both the kingdom and Moscow stressed their plans to increase compliance with the output reduction. The Saudi Energy Minister Khalid al-Falih and Russian counterpart Alexander Novak canceled an April meeting in favor of a more sensible decision when the end of the current pact arrives in June.

    U.S. crude imports from Venezuela dropped to zero last week, for the first time on record. Imports from Venezuela, historically one of the biggest suppliers of crude to the United States, have slumped from about 587,000 barrels per day (bpd) in late January after Washington hit Venezuelan President Nicolas Maduro’s government, his political allies and the country’s state-owned oil company PDVSA with a series of sanctions.

    The United States granted Iraq a 90-day waiver exempting it from sanctions to buy energy from Iran, the latest extension allowing Baghdad to keep importing Iranian gas that is critical for power production. The last waiver for Iraq to be exempt from U.S. sanctions on Iran was granted on Dec. 21. Iraq relies heavily on Iranian gas to feed its power stations, importing roughly 1.5 billion standard cubic feet per day via pipelines in the south and east.

    U.S. President Donald Trump said a trade deal with Beijing was coming along nicely, with U.S. trade negotiators poised to head to China next week for another round of talks. Asked about lifting tariffs on China, he mentioned, that there are no talks about removing them, but about leaving them for a substantial period of time. Washington and Beijing have slapped import duties on hundreds of billions of dollars worth of each other’s products in their dispute, raising costs, roiling financial markets, shrinking U.S. farm exports and disrupting manufacturing supply chains. The face-to-face talks will be the first since Trump delayed a March 1 deadline to avert a rise in tariffs on $200 billion worth of Chinese imports from the current 10 percent to 25 percent. The negotiations aim to ending an eight-month trade war between the world’s two largest economies.

    We expect bunker prices to demonstrate upward changes today: USD 4-6  up for IFO, USD 7-9  up for MGO.




2019 April 22

18:29 President Vladimir Putin to kick off loading of an LNG cargo to Coral Anthelia in Vysotsk, April 24
18:04 Bahri explores maritime opportunities in Africa at Logismed
16:57 Federation Council approves the crab fishing quotas bill
14:45 Newspaper of Sea Port of St. Petersburg receives Best Corporate Edition 2018 Award
14:27 MOL to install AR navigation system on 21 VLCCs
14:26 Spot market price for Russian M100 product ended week lower at an average of RUB 19,431 pmt
13:07 Nobel Bros Shipyard re-launches refurbished pusher OTA-953
13:01 Seadrill Partners LLC receives early termination notice for the West Capricorn contract
12:06 Rosmorport invites to submit proposals for LS marine fuel supply at Sakhalin based Port of Shakhtersk
12:00 BP and partners sanction $6 billion Azeri Central East development offshore Azerbaijan
11:10 Int’l Neva 2019 Expo to present the hall of small crafts building achievements
11:00 Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture
10:26 Crude oil futures soar to $ 73,81 (Brent) and to $ 65,53 (WTI)
10:05 DEME Offshore announces Moray East wind farm Tier One suppliers
09:58 Eni, CDP, Fincantieri and Terna join forces to develop power plants on an industrial scale
08:25 Mitsubishi Shipbuilding holds christening ceremony for next-generation LNG carrier "Diamond Gas Sakura"

2019 April 21

15:38 WheelHouse names Ian Morris as Vice President of Operations
14:34 CMA CGM to implement FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
12:37 USCG offloads 970 pounds of cocaine and 550 pounds of marijuana
11:31 CMA CGM hikes rates on Asia to Kenya, Tanzania service
11:07 Kinder Morgan raises dividend by 25%, announces Q1 2019 results

2019 April 20

16:31 CMA CGM announces FAK rates for Asia - the Middle East Gulf trade
15:02 MOL pledges support for Mozambique in wake of devastating cyclone
14:42 USCG Cutter Waesche crew returns home after 95-day counter-narcotics patrol
13:27 CMA CGM announces FAK rates for Asia to Pakistan / India / Sri Lanka trade
13:12 Carnival Cruise Line, CFVI unveil revitalized Griffith Park in St. Thomas for local children
12:26 BC Ferries celebrates Earth Day with the return of the Spirit of Vancouver Island
11:04 Certification of Arkona offshore wind farm by DNV GL confirms safe and reliable power supply
10:49 Navios Maritime Acquisition Corporation announces $103.2 million sale and leaseback transaction
10:38 Boskalis acquires EUR 75M dredging contracts in Indonesia

2019 April 19

18:07 Keppel posts net profit of S$203M in 1Q 2019
17:28 Passenger Port of Saint-Petersburg to complete Phase 1 of Berth No7 reconstruction in summer 2019
17:04 Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’
16:57 BAE Systems Jacksonville secures Navy's conntract mod for DDG 117
15:04 Hyundai LNG Shipping announces order for one VLGC at HHI
14:55 Marina for 100 yachts to be built in Feodosia by Firm “TES” LLC
14:10 C-Fenna successfully completes Fugro 1200 jackup towing operations
13:32 ESPO congratulates Port of Huelva for renewing EcoPorts’ environmental management standard
13:07 Spirit of Vancouver Island vessel returns to service after mid-life upgrade including conversion to natural gas
12:44 New High Bay Container Storage system launched as “BOXBAY”
12:10 ABS teams with industry leaders to improve container vessel safety
11:39 Port Arthur LNG receives FERC authorization for export project in Texas
11:08 Dual-fuel AET tankers conduct maiden LNG bunkering
10:43 Largest barge of Azerbaijan Caspian Shipping Company undergone overhaul
10:19 Brent Crude futures price is down 0.04% to $71.95, Light Sweet Crude – up 0.38% to $64
09:56 Bunker prices are sable at the port of Saint-Petersburg, Russia (graph)
09:35 TransContainer’s transportation volumes in Q1’2019 increased by 7.7% Y-o-Y to 492,000 TEUs
09:17 Baltic Dry Index is up to 790 points
07:42 GTT receives an order from DSME for the tank design of a new LNG carrier

2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019