• 2019 June 19 09:38

    MABUX: Bunker Market this morning, June 19

    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) declined on June. 18

    380 HSFO - USD/MT 381.82 (-2.07)
    180 HSFO - USD/MT 422.74 (-1.32)
    MGO - USD/MT 635.75 (-2.44)


    Meantime, world oil indexes demonstrated upward changes on June 18

    Brent for August settlement increased by $1.20 to $62.14 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for July delivery rose by $1.97 to $53.90 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 8.24 to WTI. Gasoil for July delivery increased by $4.50.

    Today indexes continue to rise as OPEC edges closer to agreeing on meeting date

    OPEC and non-OPEC states are discussing holding meetings on July 10-12 in Vienna, a date range proposed by Iran. OPEC itself, however, is considering meeting on July 1-2 though it is still saying meeting will be held on June 25-26 on its website.

    Meanwhile, reports that China and the U.S. would resume trade talks after a stalemate were also cited as supportive for the markets. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month. The Chinese side has not confirmed a meeting would take place. Chinese state media said Xi agreed to the meeting and emphasized in the call that economic and trade disputes should be solved through dialogue. The U.S.-China trade war has been one of the biggest negatives for oil this year, threatening the global economy with recession and reduced demand for energy. .

    Fears of a confrontation between Iran and the United States have mounted since the last week oil tanker attacks, which Washington has blamed on Tehran. Iran has denied involvement. Trump said he was prepared to take military action to stop Tehran having a nuclear bomb but left open whether he would sanction the use of force to protect Gulf oil supplies. Iran on June,17 said it would breach internationally agreed curbs on its stock of low-enriched uranium within 10 days, adding that European nations still had time to save a landmark nuclear deal.

    Expectations that the Federal Reserve was working on a rate cut to safeguard the U.S. economy from recession also bolstered sentiment.

    Oil prices received additional support from European Central Bank President Mario Draghi's vow to cut interest rates if necessary to support the European economy and reports that Saudi Arabia has been putting new pressure on fellow OPEC members and allies to extend their agreement on output restraint.

    Looking ahead, market’s attention will turn to the weekly crude inventories report from the government's Energy Information Administration, which is due later in the day. It is expected that dataset due on Wednesday could show the first strong drawdowns in crude since early May. U.S. crude inventories likely fell by 2.03 million barrels during the week ended June 14, offsetting almost all of the 2.21 million-barrel build seen in the previous week.

    According to American Petroleum Institute U.S. crude stocks fell by 812,000 barrels last week to 482 million.

    We expect bunker prices to demonstrate upward changes today: 3-5 USD up for IFO, 2-4 USD up for MGO.




2019 November 12

13:35 Glavgosexpertiza of Russia approves survey findings under project for port construction on Novaya Zemlya
13:09 The Port of Gdansk connects Poland and Singapore
13:06 Bunker prices go down at the Far East ports of Russia (graph)
12:43 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
12:28 Admiral Makarov SUMIS confirmed unique competence in dynamic positioning operators training
11:44 RINA works with the National Technical University of Athens to support the future Young Engineers in Greece
11:19 IMO launches online tool to smooth reporting formalities
10:47 Montreal, Canada to host 16th Arctic Shipping Summit on 11-12 March 2020
10:25 Number of new watercraft registrations increasing in Finland
10:23 MABUX: Bunker market this morning, Nov 12
10:01 Hydrographic surveys in the Vuoksi river system to ensure safe navigation
09:42 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
09:32 Brent Crude futures price is up 0.11% to $62.26, Light Sweet Crude – up 0.11% to $56.92
09:16 Baltic Dry Index is down to 1,345 points

2019 November 11

18:33 Alfa Laval opens new global Innovation & Test center outside Copenhagen
18:03 ABS issues industry-leading guide for firefighting for cargo areas of container carriers
17:54 Yantar shipyard launches lead rescue ship of Project 23700 named Voyevoda
17:48 Massterly and the future of autonomous shipping
17:25 Throughput of Russian seaports in 10M’19 grew by 3.2% to 701.48 million tonnes
17:03 Wärtsilä and PSA Marine achieve breakthrough in IntelliTug project
16:44 University of Rochester create a metallic structure that won't sink
16:39 Petersburg Oil Terminal transshipped 5.9 million tonnes of oil products in 9M’19, up 3.5% YoY
16:27 Throughput of port Riga (Latvia) in 10M’2019 fell by 8.7% Y-o-Y to 27.3 million tonnes
16:15 LuminUltra warns of increased microbial influenced corrosion with IMO 2020 compliant fuels
16:08 USCG responds to aground Panamian-flagged cargo vessel north of Fishers Island
15:50 Average wholesale prices for М-100 HFO down to RUB 8,504 in RF spot market
15:37 Damen secures repeat order from B.C. Ferry Services
15:32 Wärtsilä’s single-source capability key to new vessels order
15:29 DP World’s JV wins concession for Berths No 11-12 of Port 2000 in Le Havre
15:02 LUKOIL reports preliminary operating data for Q3 and 9M of 2019
14:33 Rail terminal at Kiel’s Schwedenkai will get an additional track
14:19 APEM wins Enterprize Energy offshore wind farm contract
13:42 MCB Group enters the market of insurance expertise
13:21 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
13:00 Bremenports launches campaign in the port Hinterland
12:35 IAPH tools assist safe bunkering of clean marine fuels
12:09 Van Oord announces new Executive Governance structure
11:48 Port of Barcelona promoted in Tokyo
11:26 Primorsk Marine Grain Terminal to be put into operation in 2024
11:09 Port of Oakland export volume jumped 10.8 percent in October 2019
10:50 Missile cruiser Marshal Ustinov of RF Navy’s Northern Fleet calls port of Malabo
10:09 Hapag-Lloyd to implement GRI for Trans-Pacific trade eastbound
09:54 Port of Southampton to host MSC Grandiosa UK launch
09:47 MABUX: Bunker market this morning, Nov 11
09:42 Brent Crude futures price is down 0.88% to $61.96, Light Sweet Crude – down 0.82% to $56.77
09:25 Baltic Dry Index is down to 1,378 points
09:10 Port of Long Beach posts container volume of 688,425 TEUs in October 2019

2019 November 10

16:51 Vard Marine contracted to provide design package for two SeaFloat power barges
14:41 IMO: Skilled, ambitious and increasingly visible – maritime women profiled
13:37 ABS achieves new international safety standard
12:42 USCG responds to oil discharge in Honolulu
11:38 CMA CGM announces general rate restoration for Pakistan to Kenya and Tanzania trade
10:59 CSBC-DEME Wind Engineering (CDWE) signs contracts for the Zhong Neng offshore wind farm in Taiwan

2019 November 9

15:23 GE Renewable Energy signs agreement with China Huaneng Group to build 715 MW wind farm in Henan province
14:03 HII authenticates keel of guided missile destroyer Jack H. Lucas (DDG 125)
12:57 BC Ferries adds 28 sailings for remembrance day weekend
11:53 Fincantieri reports 9.7% growth in revenues in Jan-Oct and total backlog above EUR 32bn with ships to be delivered up to 2027
10:31 First ever LNG bunkering at the Port of Nagoya, Japan

2019 November 8

18:26 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
18:09 The Port of Barcelona organizes the Smart Ports - Piers of the Future