• 2019 September 23 08:49

    MABUX: Bunker Market this morning, Sep. 23

    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 slight irregular changes on Sep. 20

    380 HSFO - USD/MT 451.44 (-2.38)

    180 HSFO - USD/MT 488.38 (-0.20)

    MGO - USD/MT 682.49 (+2.03)

    Meantime, world oil indexes also demonstrated irregular changes on Sept.20 amid the uncertainty over the United States’ next move on Iran after the Saudi attack.

    Brent for November settlement decreased by $0.12 to $64.28 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for November delivery declined by $0.10 to $58.09 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 6.19 to WTI. Gasoil for October delivery increased by 1.50. 

    Today indexes rise amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East.

    Washington suspects Iran as the perpetrator for the Sept 14 attack which initially disrupted 5.7 million barrels per day of Saudi production - or 5% of world global output. Yemen-based Houthi rebels, however, have claimed responsibility for the attack and Tehran any role in it. So far, the U.S. has blamed Iran directly for the attacks, but Trump’s only concrete reaction has been to impose further sanctions on the country. Tehran denies any involvement.

    Tensions in the Middle East have escalated after the attack. The Pentagon has ordered additional troops to be deployed in the Gulf region to strengthen Saudi Arabia's air and missile defenses following an attack on Saudi oil facilities. U.S. Secretary of State Mike Pompeo said on Sunday that the troops are for "deterrence and defense" and Washington aimed to avoid war with Iran.

    Saudi state oil company Aramco repeated its assurances that it will have 11 million barrels a day of capacity back online by the end of the month, well above its current actual output level. Much is riding on the kingdom's ability to recover from the initial attack and protect itself from future ones. Many are still skeptical about fast recovery of production. The Wall Street Journal reported that full repair from the attack will take more than the 10 weeks Saudi previously promised.

    State-owned Saudi Aramco has switched crude grades and delayed crude and oil product deliveries to customers by days after the attack severely reduced its light oil production and led to output cuts at its refineries.

    A Saudi-led coalition on Friday launched a military operation north of Yemen's port city of Hodeidah while the United States worked with Middle East and European nations to build a coalition to deter Iranian threats.

    In the United States, meanwhile, flooding from Tropical Storm Imelda forced a major refinery to cut production, while a key oil pipeline, terminals and a ship channel in Texas were shut during the weekend. Exxon Mobil Corp shut some units at its 369,024 barrel per day (bpd) Beaumont refinery while Valero Energy Corp reduced production at its 335,000 bpd Port Arthur refinery. For now the impact of Imelda on refineries in Texas has eased as  both companies restarted their crude processing units.

    Oil indexes are also supported by statistics from the oil and gas service company Baker Hughes, a GE Company (BHGE). According to data, the number of active oil rigs in the United States for the week ending September 20 decreased by 14, to 719. The indicator became the lowest since May 2017.

    Expect bunker prices to demonstrate slight irregular changes today: within plus/minus 1-3 USD.


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