• 2020 April 6 16:08

    MABUX Digest: Top events on global bunker market: Week 14

    The 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) demonstrated irregular trend while 380 HSFO gained one dollar globally but VLSFO and MGO continued sliding evolution in the period of Mar 30 - Apr 03:

    380 HSFO 248.96 → 249.98 USD/MT (plus 1.02 USD)
    VLSFO       314.00 → 305.00 USD/MT (minus 9.00 USD)
    MGO          404.57 → 392.73 USD/MT (minus 11.84 USD)


    • Nigeria has imposed new restrictions on cargo ships entered the country’s ports as part of its efforts to restrict the spread of the coronavirus outbreak. Nigeria is not the first to introduce restrictions on cargo ship movements in response to the coronavirus. On 18 March Australia’s Maritime Safety Queensland (MSQ) issued a direction which bans ships from entering a Queensland pilotage area if they, or any persons onboard, have travelled to or transited through a country outside Australia within the previous14 days.

    • Bunker suppliers in India have seen marine fuel enquiries drop sharply in recent weeks, and the trend is likely to continue, with some pointing to a minimum 10%-15% year on year fall for 2020 in bunker fuel demand as trade slows during this lockdown.

    • Very low sulfur fuel oil (VLSFO) production in South Korea is set to rise from this month after oil producer SK Energy completed an upgrade at its Ulsan refinery. The company started commercial production from the new vacuum residue desulfurisation unit at the Ulsan plant on March 14. The new unit adds 40,000 b/d of desulfurisation capacity to the Ulsan site.

    • Liquid Wind has announced that it is leading a consortium of companies supporting the Power-to-Fuel project which is looking to produce carbon neutral fuel from captured carbon dioxide (CCU) and renewable green hydrogen. The other members of the consortium include Axpo, COWI, Carbon Clean Solutions, Haldor Topsoe, Nel Hydrogen and Siemens and the project is supported by a €1.7M investment from EIT InnoEnergy.

    • China’s State Council will grant export quotas for refined oil products to non-state refineries in the Zhejiang free trade zone, and will also study raising export rebates for very low sulphur fuel oil (VLSFO) and allowing companies to carry out bonded oil blending within the free trade zone.

    • Singapore 0.5% marine fuel suppliers and traders have been looking to secure finished grade end-user product due to a lack of available tank space for blending components to make IMO-complaint marine fuel as falling demand leads to a build in inventories. Singapore’s heavy distillate inventory levels averaged 4 million mt in the four weeks ended March 26, up from 3.66 million mt in February and 3.51 million mt in January.

    • Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based Sinanju Tankers Holdings; the business has been rebranded as Vitol Bunkers (S) Pte Ltd, which will carry out all deliveries from 1 April.

    • BIMCO, the International Chamber of Shipping (ICS) and other industry partners have presented the International Maritime Organization (IMO) with a list of recommendations for governments and relevant national authorities on the facilitation of maritime trade during the COVID-19 pandemic. The recommendations, now issued to all IMO member states via an IMO Circular Letter, address: access to berths in ports, measures to facilitate crew changes in ports, measures to facilitate port operations, and measures to ensure health protection in ports, among other issues.

    • Shipping organisations, supported by government and military organisations, have produced a new, free-to-download maritime security guide for ships operating off the coast of West Africa. The publication – entitled Best Management Practices to Enhance Maritime Security for Vessels & Mariners Operating Off the Coast of West Africa – is available to download at www.maritimeglobalsecurity.org, and printed copies of the publication will be available later in the year.

    • Fluxys has reported a ‘record quarter’ for LNG turnover at its Zeebrugge terminal, with 72 ship operations conducted over the three-month period. In a statement posted on its website yesterday (31 March), Fluxys said that this total broke down into 15 ships in January, 27 in February and 30 in March.

    • Bunkering operations at the Sri Lankan port of Hambantota are now set to begin. The first oil tanker called at the port to discharge fuel and bunkering services officially started on April, 2). The port has low sulphur fuel.

    • CMA CGM has announced that, ‘taking into consideration the current price of VLSFO’, the Low Sulphur Surcharge (LSS20) which it introduced on 1 December will not be applicable from 1 May. However, the shipowner added the surcharge ‘may come back later as per our formula’.

    • The British Ports Association (BPA) has launched an information hub for UK ports dealing with the coronavirus outbreak. In a statement the BPA said that the intention is to signpost the information that is coming from the government and numerous agencies ‘in one place in a clear and concise manner’ so ports are not overwhelmed by the tide of daily updates.

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2024 March 29

16:25 Mitsubishi Shipbuilding receives order from the University of Tokyo for "MiPoLin" power prediction and lines selection system
15:41 Wan Hai Lines holds naming ceremony for 13,100TEU newbuilding “WAN HAI A15”
15:10 MOL announces restructuring measures
14:45 Drewry predicts impact on container calls at US East Coast ports after the collapse of the Francis Scott Key Bridge
14:25 Chevron’s first hybrid electric fueling barge arrives in Singapore
13:40 HD KSOE and Infineon sign MoU to develop ship electrification technology
13:29 NYK and JMU formulate method for evaluating ship performance in actual seas
12:59 HD Hyundai wins US$463 mln warship order in Peru
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