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  • MABUX Digest: Top events on global bunker market. Week 11
  • 2020 March 16 10:03

    MABUX Digest: Top events on global bunker market. Week 11

    The 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) continued downward trend in the period of March 09-13:

    380 HSFO 309.79 → 288.79 USD/MT (minus 21.00 USD)
    VLSFO       428.00 → 382.00 USD/MT (minus 46.00 USD)
    MGO          509.87 → 467.85 USD/MT (minus 42.02 USD)

    • Standard Club is advising its members that – pending further clarification from the relevant authorities regarding restrictions on wash water discharges – vessels calling at Brazilian ports should switch to a closed-loop, if equipped with a hybrid scrubber, or use IMO 2020-compliant fuel while entering in national waters
    • The International Maritime Organization (IMO) expects that the new 0.50% global sulphur cap will mean a 77% drop in overall SOx emissions from ships and the big shipping associations are ‘cautiously optimistic’ about the industry’s ability to cope with the regulations, according to a statement issued yesterday by BIMCO.
    • With four incidents reported in February, a total of eight incidents have been reported in the Singapore Strait since the start of the year, all in the eastbound lane of the Traffic Separation Scheme (TSS). In its February report on piracy and armed robbery incidents in Asia, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) noted 10 cases of armed robbery onboard vessels and no piracy incidents.
    • The International Maritime Organization (IMO) has reported that the Somali Shipping Code has been completed. The IMO anticipates that the Code – the culmination of six years’ work, supported by the IMO and the United Nations Assistance Mission in Somalia (UNSOM) – will be a ‘significant step forward’ for Somalia’s maritime sector and will ‘ensure the necessary legal and administrative processes are in place’ to build its capacity.
    • The Nordic Investment Bank (NIB) and Lithuanian LNG and oil terminal operator AB Klaipėdos Nafta have signed a 25-year loan agreement to finance the purchase of a floating storage regasification unit (FSRU) for LNG operations. Currently, the FSRU Independence used for LNG imports to Lithuania is leased on a ten-year arrangement.
    • At an informal meeting in Opatija, Croatia on 11 March, EU Transport Ministers voiced their support of the EC’s Green deal, which includes bringing shipping into an emissions trading scheme, and emphasised that ‘any measure toward carbon neutrality must be flag neutral whilst ensuring a level playing field and avoiding carbon leakage.’
    • The International Maritime Organization (IMO) has announced that its headquarters in London is currently closed to visitors and staff, as a precautionary measure due to the coronavirus. In a notice posted on its website this morning (12 March), the IMO said that this move followed on from yesterday's assessment by the World Health Organization (WHO) that COVID-19 can be characterised as a pandemic.
    • With the commitment of Japan’s Sumitomo Mitsui Trust Bank, signatories to the Poseidon Principles now represent over $150 billion in loans to international shipping – more than 30% of the global shipping finance portfolio. The Poseidon Principles, which were launched in June 2019, require financial institutions to disclose the climate alignment of their shipping portfolios with the International Maritime Organization’s (IMO) target of reducing vessels’ greenhouse gas emissions by at least 50% by 2050, compared to 2018 levels.
    • The first cargo of very low sulphur fuel oil (VLSFO) from Jinxi Petrochemical Corp, a PetroChina refinery, was destined for the Port of Zhoushan in east China.
    • The February bunker sales volumes from the Maritime and Port Authority of Singapore (MPA) were up about 2.6% year-on-year at around 3.88 million metric tonnes (mt). They were down about 14% on 4.51 million mt sold in January – but it is usual for sales to drop in February and 2020 also started with a very strong month, bolstered by the IMO 2020 switch-over.
    • South Korea’s sole producer of high sulfur fuel oil for the domestic bunker market has resorted to seeking export outlets for its output amid an unprecedented drop in demand in recent weeks due to the coronavirus outbreak, market sources said. GS Caltex, the only one of South Korea’s four refiners to produce HSFO to meet domestic bunker demand, has sold an MR-sized HSFO cargo to a Chinese buyer.


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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