• 2020 March 30 11:12

    MABUX Digest: Top events on global bunker market. Week 13

    The weekly 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 firm downward trend in the period of Mar.23-27, however, the pace of decline slowed down:

    380 HSFO 258.85 → 253.35 USD/MT (minus 5.50 USD)
    VLSFO       330.00 → 316.00 USD/MT (minus 14.00 USD)
    MGO         419.19 → 406.96 USD/MT (minus 12.23 USD)

    • Drawing on a range of information sources, the BIMCO website provides a detailed run-down of the operative practicalities of individual ports, regions, states and countries. As the Coronavirus pandemic (COVID-19) continues to spread across different parts of the world, BIMCO has announced that it is opening the port information section on its website in order to assist the industry.

    According to Rystad Energy,  the largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April. The consultancy firm estimated this will create an imbalance of around 10 million barrels a day (b/d) – which will put a severe strain on the system because global storage infrastructure is already in trouble and will be unable to take more crude and products in just a few months.

    • New statistics published by the Panama Canal Authority (AMP) showed a monthly fall in bunker volumes from January to February – a usual trend at the Canal for this period of the year, with the month-on-month decline in 2020 less pronounced than in recent years. Bunker volumes at the waterway were 436,066 metric tonnes in February, compared with 477,339 mt sold in January this year. The Pacific Side of the Canal accounted for the majority of the volume, totalling 348,757 mt in February. By comparison, 438,681 mt of marine fuel were sold in January 2019 and 367,875 mt in February last year.

    • Curacao’s state-owned Refineria di Korsou (RdK) has taken control of an oil storage terminal on the island of Bonaire over a payment dispute with Petroleos de Venezuela SA (PDVSA). Curacao will seek Dutch court approvals to sell Bonaire Petroleum Corp (BOPEC), which is owned by PDVSA, and its 10-million barrel storage terminal if no payments are received.

    • Scrubber advocacy coalition, Clean Shipping Alliance 2020 said, media reports concerning the narrowing of fuel prices should not be a deterrent to the wider take-up of marine exhaust gas cleaning systems (EGCS) as the technology remains the optimal, most effective means of meeting MARPOL Annex VI requirements. As per statement, the use of scrubbers also ‘avoids the uncertainty surrounding the quality and availability of very low sulphur fuel oil (VLSFO).

    • Singapore-based shipping company Unix Line PTE has been sentenced to pay a fine of $1.65 million, placed on probation for a period of four years, and ordered to implement a comprehensive Environmental Compliance Plan as a result of violating the US Act to Prevent Pollution from Ships.

    • The Kairos LNG bunker vessel, operated by Nauticor, has refuelled Deme’s offshore installation vessel Orion for the second time at the Port of Rostock. The Orion is the fifth dual fuel vessel to join DEME’s fleet, following the three trailing suction hopper dredgers, Minerva, Scheldt River and Bonny River, and the cable laying ship, Living Stone.

    • OxGas, a company owned by the Port of Oxelösund in Sweden, has commissioned MAN Energy Solutions to develop a multi-functional terminal for liquefied methane-based fuels at the port, which will include facilities for bunkering LNG and other methane-based fuels. The terminal will be designed to feed both LNG and green methane derived from biogas to SSAB ’s steel production facility in Oxelösund, and to re-distribute it via train and truck to other parts of Sweden.

    • Wärtsilä Marine begins combustion trials using ammonia. The new tests are intended to help the technology company prepare for the use of ammonia as a fuel that can cut greenhouse gas emissions in the shipping and energy sectors.

    • In the light of the coronavirus pandemic, Wallenius Wilhelmsen has announced it is suspending operations at several land-based processing centres, starting temporary layoffs for about 2,500 production workers in the US and Mexico. The temporary layoffs now started amount to a little more than half of the company's production workforce across the US and Mexico.

    • Port restrictions prohibiting vessel boarding have been put in place at some locations, but for the most part, survey operations, including bunker quantity surveys, are continuing reasonably well. The Standard Club issued a circular on the situation in some UAE ports, which noted that at present no surveyors are being allowed to board vessels in Jebel Ali and Abu Dhabi ports.  Sharjah and Ras Al Khaimah have not yet restricted surveyors' attendance.

    • Standard Club is advising its members with ships fitted with scrubbers not to discharge their wash-water when in Turkish waters, as there are concerns that the environmental authorities in Turkey may fine the ship if the samples  collected from the overboard discharge line is suspected to be a pollutant.

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2020 June 2

14:28 Nakhodka Ship Repair Yard lays down a series of eight crab catching ships
14:02 Ole Martin Grimsrud to leave his position as CFO of Aker Solutions
13:53 Effects of coronavirus epidemic prevention regulations on Finnlines Passenger traffic
13:35 WMU joins On Shore Power Supply in the Nordic Region project
13:02 DCSA establishes IoT standards for container connectivity
12:48 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
12:26 Qatar Petroleum signs the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion to cater for its LNG growth plans
12:00 Diana Shipping announces direct continuation of time charter contract for m/v Phaidra with Uniper
11:47 Research vessel of RF Navy's Baltic Fleet completed round-the-world route
11:22 Financial and operating results of FESCO Transportation Group for 2019
11:03 Ocean Network Express to extend the suspension of China-Australia service
10:29 “Zigh” Ship Repair and Construction Yard completes high-quality overhaul of “Nakhchivan” ferry vessel
09:58 Oil prices rise within $1
09:40 RS specifies requirements to roadster and harbor craft
09:23 MABUX: Bunker market this morning, June 02
09:12 Baltic Dry Index on June 1

2020 June 1

18:37 KIZAD breaks ground on largest rest, refuelling facility in region
18:21 Christophe de Margerie completes eastbound transit of NSR two months earlier than usual
18:13 Tallink Grupp to reroute its vessel Isabelle to operate on the Paldiski-Kapellskär route from 7 June 2020
18:07 ZIM starts eCommerce Xpress
17:52 Tallink to provide weekly sailings to Mariehamn in June and July 2020
17:29 Tallink adds more departures and additional vessel to Tallinn-Helsinki route
17:05 CMA CGM has announced FAK rates from North Europe to Mexico East Coast, USEC and USGULF & USWC
16:48 Throughput of port Azov in 5M’2020 fell by 9% YoY
16:30 Speakers announced for webinar “River fleet of the USA and Europe. What is useful for us or how do they make profit?”
16:05 MV Barracuda makes the first switch from dry cargo to jet fuel
15:26 Oil shipments via CPC Marine Terminal in 5M’20 climbed by 8.3% YoY
15:01 CMA CGM announces FAK rates from the Mediterranean to USEC, USGULF, Mexico East Coast and Canada East Coast
14:57 CANDEN Marine Fuel Services joins Glander International Bunkering Group
14:55 Average wholesale prices for М-100 HFO rose to RUB 6,641 in RF spot market
14:33 Northern Sea Route cargo traffic in 5M’2020 rose by 2.95%
14:10 Bollinger Quick Repair takes delivery of new dry-dock – “MR. Eddie”
13:52 Shuttle tanker Mikhail Ulyanov loads 200th crude oil cargo for Prirazlomnoye project
13:10 Neptune Energy welcomes DEME as a partner in the PosHYdon offshore green hydrogen pilot
12:46 Russian Railways' network loading fell by 4.5% in 5M’ 2020
12:10 Tanger Med partners with the initiative of the largest world ports to guarantee the continuity of international supply chains
11:57 Vladimir Putin approved a list of instructions following a meeting on transport sector development
11:31 CMA CGM ends PSS for exports from East Russia
11:05 Van Oord develops Green loan framework
10:30 CMA CGM announces PSS for Reefer Exports from Europe to West Africa (Nigeria excepted)
10:03 Oil prices decrease by about $1
09:46 Royal IHC to deliver design package and key components for new TSHD of Weeks Marine
09:42 Shipbuilding and Ship Repair Yard named after Lenin launched crane ship built for RF Navy
09:20 Baltic Dry Index on May 29
08:39 MABUX: Bunker market this morning, June 1

2020 May 31

16:57 RINA: shareholders’ meeting approves the financial statement for 31 December 2019 and appoints a new Board of Directors
15:31 Board appoints non-executive director at V.Group
14:48 MM&P seeks help from Congress in battle to repatriate offshore crews
13:24 Svitzer A/S names new CEO
12:31 Subsea 7 announces cost reduction measures
10:52 Drydocks World begins second project for the Hollandse Kust Zuid Windfarm

2020 May 30

16:23 APL England master faces charges over shipping container loss
15:27 Xeneta Container Rates alert: continued global uncertainty hits rates, but worst fears yet to be realised
14:32 EC approves €600 million Finnish guarantee scheme to support maritime companies affected by the coronavirus outbreak
13:12 Bollinger Quick Repair takes delivery of new dry-dock “Mr. Eddie”
11:47 Sanmar and Svitzer deliver power and performance to Port of Sohar
10:58 Coast Guard Cutter James seizes 3,350 lbs of marijuana off Central American

2020 May 29

18:36 Port of Marseille Fos to constuct a new international ferry terminal
18:20 Sea Port of Saint-Petersburg boosts its infrastructure investments by 40%
18:06 PIL starts a new India Service - China India Express (CIX)