• 2019 September 16 08:35

    MABUX: Bunker Market this morning, Sept 16

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)
     
    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 Sep. 13

    380 HSFO - USD/MT 401.90 (+11.41)
    180 HSFO - USD/MT 443.92 (+11.50)
    MGO - USD/MT 654.86 (-2.42)


    Meantime, world oil indexes demonstrated downward changes on Sept.13.

    Brent for November settlement decreased by $0.16 to $60.22 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for October delivery fell by $0.24 to $54.85 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 5.37 to WTI. Gasoil for October delivery decreased by 12.50.

    Today indexes jump after attack of drons on Saudi Arabia’s oil facilities on Sept.14

    Saudi Arabia's oil production and exports have been disrupted after drone attacks on two Aramco plants on Sept.14, including the world's biggest oil processing facility. The attacks have impacted 5,7 million barrels per day of oil production -- almost half the kingdom's current output. Yemen's Iran-aligned Houthi group claimed responsibility for attacks that knocked out more than half of Saudi oil output or more than 5% of global supply, but U.S. Secretary of State Mike Pompeo accused Iran of the attack on the world's energy supply. Iran dismissed accusations warned on Sept.15 that U.S. bases and aircraft carriers in the region were in range of its missiles.

    Aramco gave no timeline for output resumption but said early Sept. 14 it would give a progress update in around 48 hours but a source close to the matter said the return to full oil capacity could take “weeks, not days”. At the same time disruption may push oil indexes to as high as $100 if Riyadh fails to quickly bring back supply.

    U.S. President Donald Trump said on Sept.15 that he authorized the release of oil from the Strategic Petroleum Reserve to keep the markets well-supplied. The U.S. is now waiting to hear from the Kingdom to verify and proceed.

    The US oil and gas rig count fell again this week, decreasing by 12 for the week , but US oil companies are still pumping oil at record rates. The total oil and gas rig count now stands at 886, or 169 down from this time last year. The total number of active oil rigs in the United States decreased by 5 reaching 733. In the United States, weekly oil production is still near an all-time high. So while the number of oil rigs have declined by 144 this year alone, production has grown from 11.7 million bpd at the beginning of the year, to 12.4 million bpd for week ending September 6.

    A U.S. State Department spokeswoman has told media the department has evidence that the Adrian Darya 1 tanker had delivered its cargo to Syria. In response to a question on whether the notorious vessel had unloaded its cargo in Syria, Morgan Ortagus told that Iranian regime delivered oil to Syria, and that fuel goes straight into the tanks of troops that are slaughtering innocent Syrians.

    TankerTrackers.com, however, tweeted in response to Ortagus’s statement that there was no evidence the cargo had been unloaded. The vessel, they said, was still off the Syrian coast, whilst if it had partially unloaded the cargo it could have continued to the nearest Syrian port and deliver the rest itself, and then leave for home.

    Earlier this week, the UK raised an alarm that Iran had sold the Adrian Darya 1 cargo to Syria despite its assurances to the contrary and that the cargo was delivered to Syria. Iran rejected the statement saying the cargo had been sold to a private buyer at sea. Where the cargo had ended up was up to the buyer, the Iranians said.

    We expect bunker prices to demonstrate upward changes today: about 10-12 USD up for IFO, about 10-15 USD up for MGO.




2020 August 14

18:27 RS updates requirements for ship technical documentation
18:15 Boston Ship Repair secures Navy's $16,5M contract for T-AO 193
18:05 RS introduces Guidelines on Fatigue Assessment of Ships
17:46 Ukrainian port of Skadovsk opens grain season
17:23 Heerema's SSCV Sleipnir breaks own record with 10100 mT jacket lift
17:03 Diamond S Shipping Inc. reports 2Q 2020 results
16:59 NIBULON hits new records in 2020/21 marketing year
16:40 H1’2020 throughput of Taganrog Sea Commercial Port is flat Y-o-Y
16:18 Robert Socha joins Conrad Shipyard’s senior management team
15:54 Rosneft’s 1H 2020 hydrocarbon production fell by 7% YoY
15:35 Aker Carbon Capture AS and Aker Offshore Wind Holding AS – contemplated private placement and listing on Merkur Market
15:11 DOF Rederi AS sold vessels with YB 1983/2020
14:49 Port of LA to work with California manufacturers and technology association under new agreement
14:22 Transshipment of Angara launchpad components underway at Sovetskaya Gavan port
13:46 NCSP joins national project to improve workforce productivity
13:24 First of six new US Navy tugboats features integrated Furuno Marine Electronics
13:01 Port of Cardiff signs new long-term lease with Stone Supplies Ltd.
12:38 Rosneft reports H1 net loss of RUB 113 billion
12:10 Okskaya Shipyard lays down fifth multipurpose dry cargo carrier of Project RSD59 for Astrol
11:47 IMSC issues statement on the Incident with Motor Tanker Wila
11:29 Port of LA July volumes are strongest of 2020
10:53 First part of permanent layoff negotiations at Turku shipyard are ready
10:29 Krasnoye Sormovo lays down 23rd dry cargo carrier of Project RSD59
10:04 BlueWater Reporting issues alliance market share report
09:30 Crude oil prices start rising
09:12 MABUX: Bunker market this morning, Aug 14
09:07 Baltic Dry Index as of August 13

2020 August 13

20:58 Rosmorrechflot promotes Stanislav Uryupin to Port of Novorossiysk Harbourmaster
18:31 Glavgosexpertiza gives nod to Sovetskaya Gavan LPG terminal project
18:06 Global Industry Alliance issues Just-In-Time Arrival Guide
17:36 HMM Rotterdam en route to Rotterdam
17:18 Ust-Luga Multipurpose Reloading Complex half-year cargo volume down 9% year-on-year
17:06 The operational situation in the port of Beirut is back to normal
16:48 TCSP Group half-year throughput grows 11.4%
16:31 Kalmar service expertise to enhance safety, performance and productivity on WWO’s American routes from Manzanillo International Terminal in Panama
16:12 CMA CGM announces PSS from North Europe (except France) to Australia & New Zealand
15:26 Minister for Regional Growth and Local Government opens multi million pound bulks terminal at Teesport
15:21 St. Petersburg set to create infrastructure for all-electric passenger vessels
14:39 First supply of bunker fuel by Gazpromneft Marine Bunker to the brand new cruise ship Mustai Karim
13:52 MABUX releases weekly review of global bunker market
13:21 VIKING delivers first of ambulance boat trio for Hellenic Coastguard
12:32 Grain exports via Krasnodar Krai based seaports in Jan-Jul jump 32%
12:14 Port of Oakland import cargo volume grew 6.4 percent in July
11:33 MacGregor receives EUR 18 million RoRo orders from Japan
10:52 Australia authorities issue fumigation requirements for the 2020/2021 high risk season
10:17 Sea Port of St. Petersburg half-year cargo volume rose 3%
10:14 MABUX: Bunker market this morning, Aug 13
09:52 Crude futures prices retreat
09:32 Baltic Dry Index as of Aug 12
08:26 ME-GI engine sails through sea trials

2020 August 12

18:57 Risavika LNG index for September up by 8.9 % week on week
18:27 Andreas Rieckhof new Chairman of Hamburg Messe und Congress GmbH Supervisory Board
18:08 At the three Hamburg container terminals throughput volume down 12.0 % in H1 2020
18:07 Sri Lanka Ports Authority assures safe handling of dangerous cargo under UN regulations
17:47 Rosmorport’s Azov-Black Sea branch adds TSHD Sommers to its fleet
17:43 Boluda Towage Europe takes on two new tugs from Damen Shipyards Group
16:49 Investors set to inject in excess of RUB 19 bn in federal port infrastructure facilities development
15:44 MoD eyes placing more orders for the Steregushchiy class corvettes with Amur Shipyard
15:17 Joint R&D Starts for Use of Ammonia in Marine Transportation to Reduce GHG Emissions
14:47 CMA CGM announces PSS from Asia to North Europe