• 2020 January 7 11:30

    MABUX: Bunker market this morning, Jan 07

    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 upward changes on January 06:

    380 HSFO: USD/MT – 389.01 (+6.16)
    VLS FO: USD/MT – 664.00 (+4.00)
    MGO LS: USD/MT – 718.64 (+4.49)


    Meantime, world oil indexes demonstrated multidirectional changes on Jan. 06

    Brent for March settlement increased by $0.31 to $68.91 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February rose by $0.22 to $63.27 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $5.64 to WTI. Gasoil for January delivery decreased by $5.50.

    Today morning oil indexes slightly decline sharply despite continuing tension between the U.S. and Iran. The market is recovering and closely monitoring how Tehran will respond.

    Prices pared gains on growing doubts that Iran would strike back in a way that would disrupt oil supplies. Oil jumped more than 3% on Jan.03 after a U.S. air strike in Iraq killed Iranian military commander Qassem Soleimani, heightening concerns about an escalation in conflict in the Middle East and the possible impact on oil supplies.

    The region accounts for nearly half of the world’s oil production, with a fifth of global oil shipments passing through the Strait of Hormuz.

    U.S. President Donald Trump on Jan.05 threatened to impose sanctions on Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), if U.S. troops were forced to withdraw from the country. Iraq’s parliament earlier called, in a nonbinding resolution, on U.S. and other foreign troops to leave Iraq. Trump also said that the United States would retaliate against Iran if Tehran were to strike back after the killing.

    Shipping companies, including owners and operators of tankers and LNG carriers, are on high alert following escalated tensions in the Middle East, with risks of freight rates rising sharply, higher war insurance premiums and other risk mitigation efforts being implemented.

    The Strait of Hormuz is the world’s most important oil choke point because of the large volumes of oil that flow through it. In 2018, its oil flow averaged 21 million b/d, or the equivalent of about 21% of global petroleum liquids consumption.

    OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord. On average, the 14-member OPEC pumped 29.50 million barrels per day (bpd) last month. That is down 50,000 bpd from November's revised figure. OPEC's largest production drop of 80,000 bpd was in Nigeria, which exported less crude according to ship-tracking data and loading schedules.

    OPEC's two top producers, Saudi Arabia and Iraq, each reduced output by 50,000 bpd. This puts Saudi supply more than 500,000 bpd below its 2019 target. Iraq's compliance, at 59%, is far lower than Saudi Arabia's but is up from 23% in November.

    OPEC, Russia and other allies, known as OPEC+, had an agreement to reduce supply by 1.2 million bpd in 2019. OPEC's share of the cut was about 800,000 bpd, to be made by 11 members, with exemptions for Iran, Libya and Venezuela.
    At meetings in December, OPEC+ agreed to make an additional cut of 500,000 bpd as of Jan. 1, 2020.

    We expect bunker prices will demonstrate irregular changes today: 1-3 USD up for IFO, 3-5 USD down for MGO.




2021 January 19

13:56 Infocus International to hold online course on LNG business in 2021
13:18 Szczecin-Świnoujście Port complex reports on cargo handling in 2020
12:55 Russian Fishery Company demonstrated high results in 2020
12:23 RF Navy’s frigate "Admiral of the Fleet Kasatonov" makes business call at port city of Algeria
12:00 Samskip to start new container service between Amsterdam and Dublin
11:49 Beloomut hydrosystem to begin operation in April 2021
11:04 Over 10,000 frontline maritime personnel to receive COVID-19 vaccinations by end January
10:51 MABUX: Bunker market this morning, Jan 19, 2021
10:46 Costa Toscana floated out at Meyer Turku shipyard
10:20 DP World Antwerp Gateway orders fleet of Automated Stacking Cranes from Konecranes
10:12 BPA: Vaccine prioritisation needed for the unsung heroes of the UK ports sector
09:34 GTT receives its first order of 2021, from a SHI for the tank design of a new LNG carrier
09:27 Oil market sees mixed price movements
09:09 Baltic Dry Index as of January 18

2021 January 18

18:56 CMA CGM applies Local Port Charges for USA imports/export
18:26 The Valencia Containerised Freight Index rises 4.19% in December 2020
18:06 71 vessels were repaired at the “Bibiheybat” Ship Repair Yard in 2020
17:45 Klaipeda State Seaport Authority signs contract for shipping canal dredging
17:26 Hanseaticsoft’s Cloud Fleet Manager endorsed by Singapore government to help shipping companies accelerate their digitisation
17:16 Busan Por secures logistics base in Indonesia
16:47 SCF’s LNG carrier Christophe de Margerie completed her eastbound voyage carrying cargo of LNG along NSR
16:43 Port of Antwerp container throughput up 1.3% in 2020
16:25 Hamina in Finland becomes new partner in Baltic cruise network
16:15 Singapore to vaccinate over 10,000 frontline maritime personnel by end January
15:50 Average spot market price for Russian M100 product climbed to RUB 18,290 pmt
15:29 The Great Lakes Towing Company names latest Damen Stan Tug 1907 ICE harbour tugs
14:59 Russia’s first Aframax tanker Vladimir Monomakh leaves for its first voyage
14:36 NOVATEK reports preliminary operating data for 2020
14:13 Niestern Sander announces successful transportation of EasyMax from shipyard to the port
13:51 Container throughput of port Shanghai (China) in 2020 declined by 0.5%
13:32 Throughput of Taganrog port in 2020 climbed by 4%
13:15 Kim Heng and Hunghua sign memorandum of understanding in relation to 2 units of 250 feet crane barges
13:00 Throughput of Russian seaports in 2020 declined by 2.3% (detalization)
12:24 Container throughput of Hong Kong port (China) in 2020 fell by 1.9%
12:01 The port of Amsterdam experiences a decrease in transhipment in 2020 due to energy transition and coronavirus   
11:37 Tuapse Sea Commercial Port increased its throughput by 6% in 2020
11:15 SEACOR Marine completes sale of windfarm support business
11:05 Big Port St. Petersburg marks 60th anniversary of icebreaker assistance
10:43 Port of Long Beach moves a record 8.1 million TEUs in 2020
10:29 MABUX: Bunker market this morning, Jan 18, 2021
10:13 BPA: Government must act immediately on seafood exports
09:50 Throughput of Murmansk Sea Fishing Port in 2020 fell by 16.8% YoY
09:28 Crude oil prices decrease amid demand/supply concerns
09:11 Baltic Dry Index as of January 15

2021 January 17

17:19 Coast Guard, TCI Police rescue 159 people off Turks and Caicos
16:49 Svitzer Australia takes delivery of second of three new tugs for Mid West Ports and Port of Geraldton
15:34 CMA CGM strengthens its customer offer
14:29 GTT obtains AiP from BV for the NO96 containment system application as LNG fuel tank for ULCVs
13:42 Port of Los Angeles cargo reaches 9.2 million TEUs in 2020
12:16 OOCL presents 2021 Ocean Alliance products
10:49 Hapag-Lloyd announces PSS on Turkey and Greece to USA trade

2021 January 16

15:39 New ship Silver Dawn floats out in Ancona.
14:31 Signing of MoU in relation to 2 units of 250 feet crane barges
13:28 CMA CGM to apply FAK rates for North Europe to Gulf and Red Sea trade
12:49 DuPont Clean Technologies to develop scrubbing project with BELCO® technology to control the emissions of Empresa Nacional de Petróleo (ENAP)
10:35 Hapag-Lloyd announces blank sailings on Europe - Asia trade
09:11 Golar LNG and Stonepeak Infrastructure Partners to sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy

2021 January 15

18:15 Organic fertilizers and biogas from biowaste in the Helsinki region – commercial use of the Lohja biogas plant started up
18:04 New Speakers and Sponsors announced for Unmanned Maritime Systems Technology virtual conference
17:51 High reliability of Limburg Express requires expansion