• 2019 July 5 10:15

    MABUX: Bunker Market this morning, July 05

    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 July, 04:

    380 HSFO - USD/MT 417.87 (+3.13)
    180 HSFO - USD/MT 455.52 (+3.73)
    MGO - USD/MT 649.67 (-1.19)


    Meantime, world oil indexes also changed irregularly on July, 04.

    Brent for September settlement declined by $0.52 to $63.30 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for August delivery fell by $0.54 to $56.80 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 6.50 to WTI. Gasoil for July delivery increased by $1.00.

    Today indexes fall as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.

    Weekly data from the U.S. Energy Information Administration showed a much smaller than expected decline in U.S. crude inventories, casting doubt on demand despite it being in the middle of the U.S. driving season. New orders for U.S. factory goods fell for a second straight month in May, government data showed on July,04, stoking economic concerns.

    The U.S. Energy Information Administration on July,03 reported a weekly decline of 1.1 million barrels in crude stocks, much smaller than the 5 million barrel draw reported by the American Petroleum Institute earlier in the week. That suggests oil demand in the United States, the world's biggest crude consumer, could be slowing amid signs of a weakening economy.

    The trade truce between the U.S. and China did little to resolve concerns that an actual deal will be forthcoming. Although White House Economic Adviser Larry Kudlow said the bilateral talks between both sides top negotiators would resume next week, he had few further details to add.

    Countering the downward pressure, ongoing tensions in the Middle East also offered some support. British Royal Marines seized a giant Iranian oil tanker in Gibraltar on July,04 for trying to take oil to Syria in violation of EU sanctions. This can be a dramatic step that drew Tehran's fury and could escalate its confrontation with the West.

    China plans to launch a low-sulfur bunker fuel oil futures contract in a bid to raise its pricing power in the world’s maritime fuel oil market. The Shanghai Futures Exchange (ShFE) looks to launch the futures contract open to foreign investors and traders by the end of this year. The shipping industry is preparing for a major disruption of the types of fuels it will be using as early as the beginning of 2020, when stricter regulations for the sulfur content of fuel come into force. According to the new rules by the International Maritime Organization (IMO), only 0.5-percent or lower sulfur fuel oil should be used on ships beginning January 1, 2020, unless said ships have installed the so-called scrubbers—systems that remove sulfur from exhaust gas emitted by bunkers. As the starting date for the new low-sulfur rules approaches, China wants to gain more influence on the pricing of those fuels on the global market and become a key supply center of low-sulfur bunker fuel oil. Chinese companies are preparing to produce more low-sulfur fuel oil ahead of the 2020 shipping regulation change.

    We expect bunker prices to demonstrate slight irregular changes today: 1-3 USD down for IFO, 1-3 USD up for MGO.




2021 January 28

17:20 Port of Kiel cargo volume down 1.2 % to 6.92 million tons in 2020
17:16 Samskip implements UTURN as their next step in digitisation of container transport
17:14 MABUX releases Bunker Weekly Outlook, Jan 28, 2021
17:01 Damen delivers two FCS 2710 vessels to Hung Hua Construction
16:54 Bunker prices are slightly up in the Far East ports of Russia (graph)
16:35 Cargo traffic on Saimaa Canal in 2020 grew by 11.5% YoY
16:23 Samsung Heavy Industries and Hyundai Heavy Industries choose Svanehøj deepwell pumps for new VLECs
15:23 Valenciaport exceeds 5.4 million containers and 80 million tonnes handled in 2020
14:36 Diesel-electric icebreaker Victor Chernomyrdin starts providing assistance in the Gulf of Finland
14:22 Panama Canal helps save the planet more than 13 mln tons of CO2 in 2020
13:22 Keppel enters into second framework deed with Borr Drilling to defer scheduled delivery of rigs
13:01 Oboronlogistics delivered another batch of construction equipment to Tartus
12:42 Wan Hai Lines confirms orders for 12 new vessels
12:15 Maersk expands cold chain options for fresh fruit from the Black Sea and the Mediterranean to Central Russia
11:53 ABP Humber announce completion of £50 million investment in Humber Container Terminal
11:33 Damen launches FCS 7011
11:30 Port of Southampton marks largest shipment of salt in four years
11:04 BPA: Ports survey reflects mood of tentative optimism for 2021
10:54 Wärtsilä wins major order to provide 36 dual-fuel engines for six new LNG carrier vessels
10:25 KMP lays down six buoy tenders of Project 3050.1А
10:04 MABUX: Bunker market this morning, Jan 28, 2021
09:58 CMA CGM to operate and manage the Port of Alexandria’s future terminal
09:53 Crude oil prices decrease amid demand concerns
09:37 Baltic Dry Index as of January 27
09:22 Draft law on obligations of seaports’ investors approved by State Duma of Russia at first reading
08:26 Port of Newport and CEMEX celebrate new agreement in support of construction industry
07:26 MAN Energy Solutions wins order to power ultra-large Hapag-Lloyd containerships
06:31 Hamburg Port Consulting implements IT integration for automated customs clearance for Cuxport

2021 January 27

18:41 BIMCO adopts new tug, barge and “floating hotel” contracts
18:12 ABS to class first Jones Act wind farm SOV
18:00 ICS published the latest Flag State Performance Table
17:41 Optimarin follows strong 2020 with fight for Norway’s Smartest Business title
17:16 Port of Savannah moves more than 4.6M TEUs in 2020
16:58 Corvette and tanker of RF Navy’s Baltic Fleet call at Limassol port
16:37 Port Of Tanjung Pelepas container volumes up 8% to 9.8 mln TEUs in 2020
16:25 Rosmorport's icebreakers started piloting vessels in Vanino seaport
16:02 New shoreside power system reduces carbon emissions at the Port of Gothenburg
15:41 NORMA Cyber to provide cyber security services to Norwegian shipping
15:04 Star Bulk Carriers announces delivery of three capesize vessels
14:54 TransContainer launched coal transportation in containers
14:29 Port of Rotterdam Authority joins BIM Basis Infra
14:00 RF Government approves draft agreement on exports of Belorussian oil products via seaports of Russia
13:27 24 vessel traffic systems of FSUE “Rosmorport” ensured navigation safety in 2020
12:56 Middle East Transport & Logistics Virtual Expo and Summit (METRANSLOG) to be held as a virtual event on March 8-9
11:45 Bunker prices are stable at the Port of Saint-Petersburg, Russia (graph)
11:42 Damen delivers RSD Tug 2513 to Tug Malta
11:13 FSUE Hydrographic Company outlines its dredging plans for 2021
10:39 Arctic infrastructure development through shipbuilding technologies to be discussed at PortNews’ Congress on March 10-11
10:10 Sibanthracite Group and VostokCoal Management Company sold Port Vera
09:48 MABUX: Bunker market this morning, Jan 27, 2021
09:46 Crude oil prices rise on reduction of US reserves
09:27 Kawasaki Heavy Industries delivers the bulk carrier IZUMI
09:12 Baltic Dry Index as of January 26
08:37 Van Oord presents Climate Risk Overview
07:19 DFDS acquires HSF Logistics

2021 January 26

18:31 DFDS invests in 35,000 sqm warehouse
17:47 ABS, NTU, Singapore, and ASTI joint study to explore the potential for ammonia as a marine fuel in Singapore
17:38 Marine Recruiting Agency trained 10% more people in 2020
17:35 Kongsberg signs a Letter of Intent with Yantai CIMC Raffles Offshore to deliver a large technology package for the BT-220IU Wind Turbine Installation Unit
17:16 MAATS Tech wins contract for major new build CLV with VARD Group AS