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  • Mabux Digets: Top events on global bunker market: Week 09
  • 2020 March 2 10:25

    Mabux Digets: Top events on global bunker market: Week 09

    The Bunker 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) turned into steep downward trend in the period of Feb.24-28: the impact of the coronavirus on the bunker and shipping industry is continuing to increase in scope, and the ripple effects are continuing to show up.

    380 HSFO 360.82 → 344.29 USD/MT (minus USD 16.53)
    VLSFO       530.00 → 476.00 USD/MT (minus USD 54.00)
    MGO          590.75 → 552.21 USD/MT (minus USD 38.54)

    • BIMCO has announced it is co-sponsoring a proposal originally drafted by Japan to regulate the carbon intensity of existing ships. Under the proposals, existing vessels will have to comply with an Energy Efficiency Existing Ship Index (EEXI) limit. The proposal has been submitted to the intersessional working group on Green House Gas reductions, which will meet ahead of the Marine Environment Protection Committee (MEPC) in March.

    • The number of LNG bunkering operations carried out in Spanish ports in 2019 more than tripled to 195, compared to 60 in 2018. The growth in terms of fuel volumes has been even greater. Collectively, last year's 195 bunkering operations accounted for 81,704 cubic metres (cbm) of LNG, whereas the 60 deliveries in 2018 resulted in a total of 4,504 cbm being supply.

    • The merger was announced between KPI Bridge Oil and Glencore subsidiary, OceanConnect Marine. The new operation, to be branded KPI OceanConnect, will have a 170-strong team operating across 15 locations globally.

    • A draft proposal has been issued to Beijing from China Shipowners’ Association (CSOA) requesting a temporary 12-months reprieve from IMO 2020 sulphur content restrictions following the financial and logistical challenges faced from the coronavirus outbreak. If the suspension is granted, it is unclear whether this would apply to non-Chinese entities.

    • NGOs and Indigenous groups cautiously acknowledged progress by the International Maritime Organization (IMO) and its Member States in agreeing on a draft regulation on heavy fuel oil (HFO) use and carriage in the Arctic, but denounced the inclusion of loopholes in the text that mean the ban will not come into effect until 2029, leaving the Arctic exposed to the growing threat of HFO spills for close to another decade.

    • Danish shipping group A.P. Moller-Maersk plans to raise the proportion of high sulphur fuel oil it consumes from 10% to 25% by the year-end. The world’s largest container shipping firm consumed a total of around 11.80 million tonnes of shipping fuel last year.

    • Foreship has reported an increase in enquires about fitting exhaust gas cleaning systems. It indicated that 3,756 vessels have exhaust gas scrubbers either installed or on order. As per report, by the end of 2020, up to 15%t of ocean-going freight capacity will employ the machinery, with the number now expected to rise to 20 per cent by 2025.

    • BIMCO, ICS, Intercargo and Intertanko have launched an online survey with the aim to get a greater understanding of the quality of the new fuel oils and possible safety implications of the IMO 2020 sulphur regulation, and encourage shipowners to participate. Participants are encouraged to provide short answers to 13 questions about their experiences with fuel oil quality since the change to 0.50% sulphur compliant fuel oils.

    • Japan-based shipping giant NYK has presented its concept for using ammonia as a marine fuel. As per NYK, ammonia does not emit carbon dioxide (CO2) when it is heated and would thus be expected to contribute to the effort to address global warming. In addition, if CO2-free hydrogen is used, zero emissions are said to be achieved.

    • The IMO’s Sub-Committee on Pollution Prevention and Response (PPR) produced the decision to recommend a ban on ships’ burning heavy fuel oil in the Arctic as well as important agreements on guidelines for fuel oil sampling and scrubbers. The draft amendments will be submitted to the 76th meeting of the Marine Environment Protection Committee (MEPC 76), which will take place on 19-23 October.

    • Standard Club has reported that its correspondents in France, Portugal, Spain and Gibraltar have indicated that restrictions on the use of open-loop scrubbers are now in place in their countries. In addition to these four European states, the list of countries with restrictions on the discharge of wash-water from open-loop scrubbers now includes Singapore, Malaysia, China, Pakistan, the United Arab Emirates, Bahrain, Egypt, Estonia, Latvia, Lithuania, Germany, Belgium, Norway, Ireland, Bermuda and Panama. Restrictions are also in place in the US states of Connecticut, California and Hawaii.

    • The Singapore-based shipping company Unix Line pleaded guilty in a US Federal Court to violating the Act to Prevent Pollution from Ships and will be sentenced on 20 March. The Company acknowledged that crew members onboard the 16,408 GT tanker, Zao Galaxy, failed to record the discharge of oily bilge water without the use of required pollution-prevention equipment during the vessel’s voyage from the Philippines to Richmond, California.

    • Oil product inventories at Fujairah - the UAE bunkering hub - climbed 13% week on week to reach 25.98 million barrels – surpassing the previous record of 25.75 million barrels registered on 29 April last year.

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2021 November 28

15:17 PGS awarded 4D contract in the North Sea
14:08 Cruises return to the Port of New Orleans with 285 ship calls estimated for 2022
13:54 Kalmar to deliver significant order of Straddle Carriers to MPET and PSA in Antwerp
12:41 Skipper ordered to pay reparation of $10,400 after collision with kayaker on the Whanganui River, NZ
12:17 Port of San Diego extends public review period for Draft EIR for PMPU
11:57 HAROPA PORT elected “Best Green Seaport 2021”
11:33 Contract award for MPSV Siem Dorado
10:48 Port of Dunkerque announces new appointments to its Executive Board

2021 November 27

14:38 Liquid Wind secures SEK 151 million for production of fossil free fuel
13:21 TECO 2030 receives NOK 50 million in government support for fuel cell development
11:09 Inmarsat offers future-proof remote control connectivity for latest sea-kit uncrewed surface vessel trials
10:54 J.P. Morgan and Havfram AS announce a series of next generation wind turbine installation vessels

2021 November 26

18:17 TECO 2030 is leading a project group that will build a hydrogen-powered high-speed vessel for the Port of Narvik
18:00 TransContainer’s IFRS-based net profit in 9M'2021 increased by 51% to RUB 14.8 bln
17:35 Royal Niestern Sander signs contract for walk to work vessel conversion
17:26 PortNews offers final edition of its magazine for 2021
17:15 Konecranes and Cargotec note CMA’s announced Provisional Findings regarding the planned merger of Konecranes and Cargotec
17:03 IMO appoints Special Advisor on Maritime Security
16:55 Nord Stream 2 delay weighs on gas prices - Gasum
16:40 Nevsky Shipyard lays down two research vessels of Project 17050
16:25 BIMCO calls for continued naval support in Gulf of Guinea after piracy incident
16:05 Alfa Laval and Orcan Energy sign a cooperation agreement for the marine market
15:43 Wärtsilä launches power limitation solutions for EEXI compliance
15:25 Hiab launches HIAB iQ.1188 HiPro loader crane with new control system
14:47 RF Government approves Transport Strategy of Russia until 2030 with forecast until 2035
13:59 Sredne-Nevsky Shipyard launches Anatoly Shlemov minesweeper of Project 12700
13:11 The Port of València hosts a rescue drill for a crane operator
12:10 GTT obtains tank design order for three new LNG Carriers from Hyundai Heavy Industries and Hyundai Samho Heavy Industries
11:54 Phase 2 of Bagayevsky hydrosystem construction begins
11:52 Ardmore moderates COP26 ‘ShipZero’ panels, discussing the realities of zero emission ships
11:17 ClassNK signs MOU on cybersecurity with Panama Maritime Authority (PMA)
10:51 MSC starts new In-Transit Cargo service
10:32 MABUX: Global bunker market to keep slight irregular fluctuations with no firm trend on Nov 26
10:22 Oboronlogistics' Ambal ferry obtaines certificate on safety management from RS
09:48 MPA and maritime partners maintain cybersecurity readiness through inaugural exercise
09:33 Baltic Dry Index as of November 25
09:17 Oil prices decrease on concerns over reduction of demand

2021 November 25

18:06 Rolls-Royce and Zhenjiang Shipyard to jointly promote tugs and workboats with mtu engines in China
17:44 Delo Group presented own Digitalization Strategy
17:16 Keppel awarded FSRU conversion and FPSO integration work worth around S$200 million
16:25 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14% in 2021
16:03 Great Lakes Dredge & Dock announces receipt of $92.5 mln Houston Ship Channel widening and improvement project 11 award
15:59 Damen Shipyards achieves official EU Stage V certification for its Emission Reduction system
15:30 RF State Duma ratifies Nairobi Wreck Removal Convention, 2007
15:02 Navigator Holdings announces approval in principle for new CO2 carrier designs for its Dan-Unity CO2 joint venture with Evergas
14:59 RINA, ABB, Helbio, the Liberian Registry, Wärtsilä and an Energy Major enter in proposal with hydrogen as fuel to meet IMO2050 targets
14:44 Rosterminalugol shipped 21 million tonnes of export coal over 10M’2021
14:21 BAE Systems launches next-generation power and propulsion system to help marine operators reach zero emissions
13:55 MABUX: Bunker Weekly Outlook, Week 47, 2021
13:12 Kongsberg Maritime and Norsepower MoU agreement facilitates Rotor Sail integration for shipowners
12:31 Sea Port of Saint-Petersburg allocated over RUB 21 million for implementation of its environmental programme
12:06 Port of Kiel describes path to climate neutrality by 2030
11:06 Third Finnlines hybrid ro-ro launched in China Merchants Jinling Shipyard
10:35 Mitsubishi Heavy Industries receives a major turbomachinery order for Ust-Luga LNG export plant
10:31 MABUX: Bunker prices may demonstrate slight upward changes on Nov 25
10:30 Navigation season closed on Volga-Baltic Waterways
10:06 Port of Long Beach named the best West Coast Seaport in North America
09:41 Oil market sees mixed price movements
09:22 Baltic Dry Index as of November 24
09:08 The second of Damen’s new Shoalbuster 2711 class handed over to Ports of Jersey in christening ceremony