• 2020 March 30 11:12

    MABUX Digest: Top events on global bunker market. Week 13

    The weekly digest was contributed by Marine Bunker Exchange (MABUX)
     
    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) continued firm downward trend in the period of Mar.23-27, however, the pace of decline slowed down:

    380 HSFO 258.85 → 253.35 USD/MT (minus 5.50 USD)
    VLSFO       330.00 → 316.00 USD/MT (minus 14.00 USD)
    MGO         419.19 → 406.96 USD/MT (minus 12.23 USD)


    • Drawing on a range of information sources, the BIMCO website provides a detailed run-down of the operative practicalities of individual ports, regions, states and countries. As the Coronavirus pandemic (COVID-19) continues to spread across different parts of the world, BIMCO has announced that it is opening the port information section on its website in order to assist the industry.

    According to Rystad Energy,  the largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April. The consultancy firm estimated this will create an imbalance of around 10 million barrels a day (b/d) – which will put a severe strain on the system because global storage infrastructure is already in trouble and will be unable to take more crude and products in just a few months.

    • New statistics published by the Panama Canal Authority (AMP) showed a monthly fall in bunker volumes from January to February – a usual trend at the Canal for this period of the year, with the month-on-month decline in 2020 less pronounced than in recent years. Bunker volumes at the waterway were 436,066 metric tonnes in February, compared with 477,339 mt sold in January this year. The Pacific Side of the Canal accounted for the majority of the volume, totalling 348,757 mt in February. By comparison, 438,681 mt of marine fuel were sold in January 2019 and 367,875 mt in February last year.

    • Curacao’s state-owned Refineria di Korsou (RdK) has taken control of an oil storage terminal on the island of Bonaire over a payment dispute with Petroleos de Venezuela SA (PDVSA). Curacao will seek Dutch court approvals to sell Bonaire Petroleum Corp (BOPEC), which is owned by PDVSA, and its 10-million barrel storage terminal if no payments are received.

    • Scrubber advocacy coalition, Clean Shipping Alliance 2020 said, media reports concerning the narrowing of fuel prices should not be a deterrent to the wider take-up of marine exhaust gas cleaning systems (EGCS) as the technology remains the optimal, most effective means of meeting MARPOL Annex VI requirements. As per statement, the use of scrubbers also ‘avoids the uncertainty surrounding the quality and availability of very low sulphur fuel oil (VLSFO).

    • Singapore-based shipping company Unix Line PTE has been sentenced to pay a fine of $1.65 million, placed on probation for a period of four years, and ordered to implement a comprehensive Environmental Compliance Plan as a result of violating the US Act to Prevent Pollution from Ships.

    • The Kairos LNG bunker vessel, operated by Nauticor, has refuelled Deme’s offshore installation vessel Orion for the second time at the Port of Rostock. The Orion is the fifth dual fuel vessel to join DEME’s fleet, following the three trailing suction hopper dredgers, Minerva, Scheldt River and Bonny River, and the cable laying ship, Living Stone.

    • OxGas, a company owned by the Port of Oxelösund in Sweden, has commissioned MAN Energy Solutions to develop a multi-functional terminal for liquefied methane-based fuels at the port, which will include facilities for bunkering LNG and other methane-based fuels. The terminal will be designed to feed both LNG and green methane derived from biogas to SSAB ’s steel production facility in Oxelösund, and to re-distribute it via train and truck to other parts of Sweden.

    • Wärtsilä Marine begins combustion trials using ammonia. The new tests are intended to help the technology company prepare for the use of ammonia as a fuel that can cut greenhouse gas emissions in the shipping and energy sectors.

    • In the light of the coronavirus pandemic, Wallenius Wilhelmsen has announced it is suspending operations at several land-based processing centres, starting temporary layoffs for about 2,500 production workers in the US and Mexico. The temporary layoffs now started amount to a little more than half of the company's production workforce across the US and Mexico.

    • Port restrictions prohibiting vessel boarding have been put in place at some locations, but for the most part, survey operations, including bunker quantity surveys, are continuing reasonably well. The Standard Club issued a circular on the situation in some UAE ports, which noted that at present no surveyors are being allowed to board vessels in Jebel Ali and Abu Dhabi ports.  Sharjah and Ras Al Khaimah have not yet restricted surveyors' attendance.

    • Standard Club is advising its members with ships fitted with scrubbers not to discharge their wash-water when in Turkish waters, as there are concerns that the environmental authorities in Turkey may fine the ship if the samples  collected from the overboard discharge line is suspected to be a pollutant.

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2024 March 29

12:09 COSCO SHIPPING Ports throughput up by 4.4% YoY to 135,808,554 TEU in 2023
11:46 The "Ane Maersk" calls at the Eurogate container terminal in Hamburg for the first time on its maiden voyage from Asia to Europe
11:20 Sallaum Lines and Fujian Mawei Shipbuilding commence construction of Ocean Class vessels
10:43 Oasis Marine develops solutions for offshore hydrogen bunkering
10:03 Petrofac secures contract extension with ONEgas West in the UK market

2024 March 28

18:05 Jan De Nul, ENGIE and Equans launch a pilot project centred around the use of Vanadium Redox Flow batteries
17:35 Latvian port equipment manufacturer Bleste introduces new bulk handling ‘bucket’
17:05 Investors upgrade Navios Maritime Partners
16:25 DEME reports 22% increase in the orderbook and a record-high turnover of 3.3 billion euros in 2023
16:14 MABUX: Bunker Outlook, Week 13, 2024
15:41 AD Ports Group announced the opening of Saadiyat Marina & Ferry Terminal and Rabdan Marina
15:11 Sydney invests $11.5 million in two new operational vessels designed by Incat Crowther
14:55 China’s Jinzhao wins Peru $405m port construction contract
14:13 APM Terminals Moín handled six million TEU
13:48 ClassNK grants Innovation Endorsements for Products & Solutions to two innovative initiatives by MOL
13:37 Konecranes launches its flagship Konecranes X-series industrial crane
12:53 United European Car Carriers UECC spearheads collaboration with industry leaders to advance CNSL as a sustainable marine fuel
12:26 Ocean Network Express announces Transpacific service
11:48 Yang Ming announces 2025 Trans-Pacific service network
11:24 Fincantieri signs contract for the supply of two PPAs to Indonesia
10:42 Maersk transported more than 660,000 TEU using clean fuel in 2023
10:23 Documentation delays push industry costs to $3bn
09:48 PONANT and FARWIND Energy partner to develop green hydrogen refueling solutions

2024 March 27

18:22 Bureau Veritas awards world’s first prototype certification for SolarDuck’s floating offshore solar solution
17:58 The recently converted Allseas's shallow water pipelay barge starts preparations for its first commercial project
17:38 The Port of Rotterdam calls on the European Commission and Parliament to focus on actively promoting green energy
15:23 SEFE to become sole shareholder of WIGA
14:53 Ocean Installer secures yet another SLM contract with Equinor
14:23 Cadeler signs offshore wind turbine installation contract for the vessel Wind Scylla
13:42 Carnival Cruise Line orders 5th Excel-class cruise ship
13:11 Maersk and MSC overcharging cargo owners for EU ETS, says T&E
12:52 The Port Authority of Valencia launches the ZAL project in the Port of Valencia
12:11 Clarkson Port Services and Peak Group collaborate to deliver Port Agency services across the North Sea
11:42 Wan Hai Lines holds ship naming ceremony for new vessels
11:24 Consolidated shipping lines EBIT loss was $1.44 billion in Q4 2023: Sea-Intelligence
10:49 Seaspan Shipyards receives long-term contracts for the pre-construction work of the the Canadian Coast Guard's first six multi-mission vessels
10:14 Woodside completes sale of 10% scarborough interest

2024 March 26

18:02 COSCO Shipping Lines introduces new Americas service
17:30 Davie awarded first contract for design of icebreaker fleet under Canada’s National Shipbuilding Strategy
17:04 Sanctions complicate Arctic LNG ship sales, Hanwha Ocean says - Bloomberg
16:57 Terntank places an order for 1+1 additional wind/ methanol-ready hybrid tanker
16:28 BW LNG completes acquisition of two TFDE vessels from Stena Bulk
15:50 Hanwha Ocean develops VR-based special vehicle simulator
15:20 TotalEnergies and SINOPEC join forces to produce sustainable jet fuel at a SINOPEC's refinery
14:52 Wärtsilä Lifecycle Agreement to guarantee operational reliability of new wind farm installation vessel
14:23 Hudong-Zhonghua launches two LNG carriers
13:51 Cargo ship hits Baltimore’s Key Bridge
13:12 Final sanctioned tanker with Russian Sokol oil to reach China port - Reuters
12:42 Adani Ports acquires 95% of Odisha's Gopalpur Port from SP Group for $162 million
12:21 IHI and Yara Clean Ammonia agree to jointly assess clean ammonia business collaboration
11:41 Yara Clean Ammonia and Azane granted safety permit to build world's first low emission ammonia bunkering terminal
11:16 Wartsila and Royal Caribbean Group celebrate 15 years of collaboration on digital transformation
10:46 A global carbon tax on shipping is coming, says ABS Chairman and CEO
10:21 Eni, Fincantieri and RINA establish partnership for maritime transport decarbonization

2024 March 25

18:07 The Maritime and Port Authority of Singapore continues to investigate reports of oil spills off the port of Tuas
17:31 “K” Line, NIPPON HAKUYO and OPT Gate sign an agreement for a new fire detection system for car carriers
17:07 Greek merchant fleet recorded slight decline in January 2024
16:47 Hanwha Ocean Plans to develop green technology and naval ships
16:25 U-Ming Singapore and ITOCHU sign milestone MoU for the joint development of ammonia dual-fuel and de-carbonized vessels
15:34 Svitzer targets methanol-fuelled MAN 175DF-M engine for tug application
15:04 Wallenius Wilhelmsen signs contracts for four 9,300 CEU vessels with China Merchants Jinling Shipyard
14:40 Taiwan International Port to upgrade terminal facility at Kaohsiung
13:59 Сruise ship Carnival Freedom catches fire near Bahamas
12:59 Hanwha Ocean wins 2.4 tln-won order for 8 LNG ships
11:16 Inland Ports meet in Paris to talk about the innovation potential of inland ports
10:50 IMO agrees possible outline for maritime “net-zero framework”
10:24 Hapag-Lloyd to continue to avoid the Red Sea route
09:58 QatarEnergy enters time charter agreements with Nakilat for the operation of 25 LNG vessels

2024 March 24

16:18 Inchgreen Marine Park upgraded as part of £11m investment
15:14 A ribbon-cutting ceremony for Solent Rail Terminal Rail was held at the Port of Southampton