• 2019 June 26 09:44

    MABUX: Bunker Market this morning June, 26

    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 June. 25

    380 HSFO - USD/MT 405.70 (+1.06)
    180 HSFO - USD/MT 445.57 (+1.75)
    MGO - USD/MT 649.73 (-4.46)


    Meantime, world oil indexes also demonstrated irregular changes on June. 26

    Brent for August settlement increased by $0.19 to $65.05 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for August delivery decreased by $0.07 to $57.83 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 7.22 to WTI. Gasoil for July delivery increased by $9.25.

    Today indexes rise U.S. crude stockpiles fell more than expected.

    According to American Petroleum Institute (API), U.S. crude stockpiles fell by 7.5 million barrels last week to 474.5 million, compared with analyst expectations for a decline of 2.5 million barrels. Crude stocks at U.S. delivery hub Cushing, Oklahoma, fell by 1.3 million barrels.

    The data came as market watched for any signs that tensions between the United States and Iran could escalate into military conflict. U.S. President Donald Trump threatened on June, 25 to obliterate parts of Iran if it attacked anything American, in a new war of words with Iran. Tehran has condemned a fresh round of U.S. sanctions as mentally retarded. Bilateral tensions between the two have spiked anew after Iran shot down a U.S. drone last week in the Gulf. Relations have been tense since Washington blamed attacks on oil tankers just outside the Gulf in May and June on Iran, while Tehran has repeatedly said it had no role in the incidents.

    Conflict between Washington and Tehran has stoked fears that shipments passing through the Strait of Hormuz - the world's busiest oil supply route - could be disrupted. At the same time, the head of national oil company Saudi Aramco said on June,25 the company can meet the oil needs of customers using its spare capacity.

    Meanwhile there are sings, that U.S. isn’t looking to go to war with Iran, appeared in the market, Federal Reserve Chairman Jerome Powell warned the risks to the economy have increased and Trump administration officials signaled a trade deal at the Group of 20 summit this week is unlikely.

    Trump’s tweets, speeches and actions over the past year have often disrupted the rally in oil more than fed it. But over the past week, his administration and Tehran have been adding to crude's geopolitical premium with their tough talk.

    Just before the sanctions he announced on Iran’s top leadership, Trump said he was prepared to negotiate with Tehran, without preconditions, in a bid to ease tensions building since he withdrew the U.S. a year ago from a global nuclear deal with the Islamic Republic and began pressuring it with economic sanctions.

    Meanwhile, Kremlin spokesman Dmitry Peskov said on June, 25 , that Russian President Vladimir Putin will meet Saudi Crown Prince Mohammed Bin Salman at this week’s G20 summit. Although Peskov did not provide details, the two will be sure to discuss whether and how to extend the current production cut agreement between OPEC and other producers, of which Russia is by far the largest. Recent remarks from Russian Energy Minister Alexander Novak have suggested that Russia still needs to be convinced to follow through on the deal, not least because the oil price it needs to balance its budget is significantly lower than the price that Saudi Arabia needs. The meetings will be held July 1-2.

    Bunker prices are expected to demonstrate upward changes today: 1-3 USD up for IFO, 7-9 USD up for MGO.




2019 July 22

18:06 Dorset’s Intermarine UK lands steel fabrication deal to increase capacity at Portland Port
17:58 Port of Zeebrugge volumes grow by 12.5 % in first semester of 2019
17:48 MS VASCO DA GAMA welcomed at Ostseekai for maiden call
17:19 Port of Kiel welcomed cruise ship “Marella Explorer”
16:55 ‘A British first’ cruise call for Port of Southampton
16:29 Damen to prepare Stad Amsterdam for ‘green ambassador’ role
15:47 Akademik Pashin tanker arrived at the port of Murmansk
15:14 Container throughput of port Hong Kong (China) down 8.1% to 9.06 million TEUs in Jan-June’2019
14:51 Port of Singapore throughput in Jan-June’2019 climbed by 0.6% to 315.17 million tonnes
14:28 JAXPORT sets container and auto records through first three quarters of fiscal year 2019
13:53 Throughput of port Helsinki (Finland) in Jan-June’19 fell by 6.1% to 7.14 million tonnes (table)
13:29 Bunker sales at the port of Singapore in Jan-June’2019 fell by 6.5% Y-o-Y to 23.7 million tonnes
12:56 Average wholesale prices for М-100 HFO up to RUB 17,248 in RF spot market
12:32 London to host 19th Vessel Efficiency & Fuel Management Summit on November 27-28
12:10 Turbine assembly begins for the WindFloat Atlantic project
11:55 Hamburg to host ACI’s Digitalisation in Shipping: Europe 2019 on October 9-10
11:24 NOVATEK closes Arctic LNG 2 transaction
11:10 APM Terminals Maasvlakte II increases rail service to major inland logistics hub
11:04 Seadrill secures contract for the West Polaris in Southern Asia
10:30 ASCO ships continue working on Absheron gas condensate field
10:08 Port of Oakland freight hauler testing two more electric big rigs
09:55 International Finance Corporation visited NIBULON’s facilities
09:36 Brent Crude futures price is up 1.63% to $63.48, Light Sweet Crude – up 1.08% to $56.23
09:32 MABUX: Bunker market this morning, July 22
09:19 Baltic Dry Index is up to 2,170 points
09:07 CMA CGM announces FAK rates from Asia to the Middle East Gulf
08:00 SCANEX Group offers video presentation of geoinformation services for maritime industry
07:42 Parkwind and Jan De Nul start works for the 219 MW offshore wind farm off the Belgian coast

2019 July 21

16:31 USCG begins investigation into three tugboats sinking
15:18 Tolent kicks off construction of Triton Knoll’s new base on Grimsby’s Royal Dock
14:48 ONE launches new direct service between South East India, Mediterranean, and North Europe
14:37 Major milestone met on Moray East Offshore Windfarm project
13:04 Odfjell SE sells its ownership share of terminal in Jiangyin, China
12:32 Quark Expeditions debuts new livery and interior design for Ultramarine
11:02 NYK selected for FTSE4Good Index for 17th straight year and FTSE Blossom Japan Index for 3rd consecutive year

2019 July 20

15:47 FortisBC secures first export contract for Tilbury LNG facility
13:42 AIDA Cruises plans practical trial of fuel cells abord one of its ships as early as 2021
12:51 Ports of Long Beach, Los Angeles host Clean Truck Program Rate Workshop
11:37 USCG responds to oil slick near Port Aransas, Texas
10:56 Wallem introduces cloud-based software for simpler workflows

2019 July 19

18:10 NYK holds fleet safety promotion conferences for shipowners and ship-management companies
18:04 Incat Tasmania exports new 111 metre ferry to Spain
17:49 World's largest air-cushioned landing craft takes part in Navy Day parade rehearsal in Baltiysk
17:25 Caspian Flotilla ship crews prepare for Naval Parade
17:03 FortisBC secures first export contract for Tilbury LNG facility
16:22 Project documentation for construction of Nizhny Novgorod hydroengineering facility completed - Victor Vovk
16:03 CMA CGM announces GRR from Asia to East and South Africa
15:50 East Mining Company to invest RUB 11.5 billion in development of its coal project in Sakhalin
15:33 Moby names Damen ASD Tug 2813 Vincenzino O. in Cagliari
15:12 Cargotec posts financial report for January–June 2019
14:47 Blagoveshchensk shipyard completed state trials of hydrographic survey vessel of Project 19910
14:33 NYK recognized for implementation of advanced navigation support tool
14:12 Global Ship Lease announces new charter agreement
13:51 150 graduates of Moscow State Water Transport Academy awarded with diplomas
13:30 RF Government includes NOVATEK’s LNG terminal project into area planning scheme
13:12 Port of Long Beach releases draft Master Plan update
13:07 Epic Gas Ltd. completes acquisition of two vessels of four LPG carriers
12:24 USCG finds federal fisheries violations aboard 5 recreational fishing vessels
12:11 IMO Council condemns tanker attacks in Strait of Hormuz and Sea of Oman
11:31 Naval Group reports order intake growth in H1 to 3.9bn euro