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

    Marine Bunker Exchange (MABUX) AB ©
    Spot / Digital parallel Bunker prices, Forecasts, Analytics, Consulting, Expertise




2021 October 20

12:52 Japanese company Kubota chooses port of Rotterdam for Northern European distribution
12:39 Crowley participates in Saildrone Inc’s $100M Series C round to advance ocean intelligence products
12:02 Global Ports terminal In Helsinki increases number of container services
11:54 Port Houston container volumes up 11% to 281,500 TEUs in September 2021
11:40 Sibanthracite Group acknowledged as best supplier of coal to China for second consecutive year
11:16 MPA and DMU signed MoU to drive talent and academic exchange in the maritime sector
10:51 Mitsubishi Shipbuilding successfully separates and captures CO2 from exhaust gas in world’s first marine-based CO2 capture system project
10:28 Modernization of border checkpoint completed in Kavkaz seaport
10:06 RF President gives instructions on permanent environmental monitoring in areas of handling dry bulk cargo and cargo emitting dust
09:45 MABUX: No firm price trend on Bunker market on Oct 20
09:35 Crude oil prices decrease on US reserves growth
09:19 Baltic Dry Index as of October 19

2021 October 19

18:24 Ocean Yield ASA sells two LR2 tankers
17:44 Klaveness Combination Carriers sells a 21-years old CABU vessel
17:22 Oboronlogistics delivers cargo for the construction of a cultural cluster in Kaliningrad
16:58 North Sea Port, Zeeland Regional Safety Board and Central Fire Response Zone join forces for cross-border incident response in the port area
16:35 European shipowners support the uptake of clean fuels but fear FuelEU may become missed opportunity due to enforcement loopholes - ECSA
16:20 9M’2020 throughput of Taganrog Sea Commercial Port grew by 6% Y-o-Y
16:05 Fuelling the Industry: LNG as a fuel and its infrastructure at the 8th International Congress
16:04 Empire Offshore Wind selects Vestas as its preferred supplier for wind turbine generators for Empire Wind I and Empire Wind II
15:41 The decarbonization strategy likely is now the best business strategy for shipowners - ABS
15:13 Bollinger celebrates commissioning of 45th Fast Response Cutter USCGC Emlen Tunnel
14:51 RF Government and Rosatom instructed to organize regular transportation of transit cargo by NSR
14:30 Port of Rotterdam throughput rises substantially again in Q3 2021
14:03 Valenciaport throughput up 8.33% to 63.46 mln tonnes in Jan-Sept 2021
14:02 Ice restrictions in Port of Sabetta basin to be effective as of Oct 25
13:39 TGE Marine announces the successful gas trail of LNG bunker vessel ´Dmitry Mendeleev´
13:08 Port of Antwerp throughput up by 4.8% to 179.1% mln tonnes in Jan-Sept 2021
12:54 Cargo traffic via Khabarovsk Territory ports rose by 3% in 9M’21
12:33 Vitol’s V-Bunkers receives green ship awards from Maritime Port Authority of Singapore
12:15 The Methanol Institute welcomes the European Union’s package of proposals Fit for 55
11:36 Volga Shipping announces completion of three tankers conversion project
10:46 MABUX: Bunker prices may demonstrate multidirectional changes on Oct 19
10:11 Russian Gas Society supports 5th LNG Fleet, LNG Bunkering and Alternatives conference
10:09 Berenberg expands debt fund portfolio with two new multi-investor funds
09:46 Baltic Dry Index as of October 18
09:25 Crude oil prices rise on crisis anticipation
09:13 Roxtec selects Sustainable Marine Fuels

2021 October 18

18:07 OneOcean Group brings voyage optimisation solutions to Marlink Partner Programme
17:53 NOVATEK held its first Arctic LNG Projects Shipowners Conference
17:49 MOL tabletop drill prepares for serious marine accident
17:29 Over 40 ships and boats of RF Navy's Black Sea Fleet took part in large-scale exercise at Opuk training ground in Crimea
16:52 Icebreaker Kapitan Khlebnikov to help deliver new components for the Vostok Station in the Antarctic
16:16 Throughput of Russian seaports in 9M’2021 climbed by 1.7% (detalization)
15:48 Four industry focused educational institutions to take part in 5th LNG Fleet, LNG Bunkering and Alternatives conference
15:25 Baltiysky Zavod shipyard casts forth one-piece propeller for Project MR-50 product tanker
15:03 Nemport orders fleet of Konecranes Noell RTGs
14:13 Average spot market price for Russian M100 product rose to RUB 29,186 pmt
13:51 MOL, MAN ES and MES-M sign MoU aiming to order ammonia fueled main engine for ships
13:42 National Chamber of Engineers supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:00 Port of Ventspils throughput in January-September 2021 fell by 14% YoY
12:40 The Port of València will install a hydrogen supply station in January
12:36 Port of Helsinki throughput in January-September 2021 rose by 7.9% YoY
12:14 Port of HaminaKotka cargo turnover in 9M’2021 fell by 2.1%
11:29 Container throughput of Hong Kong port (China) in January-September 2021 rose by 0.1%
10:57 APM Terminals appoints new Head of Decarbonisation
10:48 Port of Liepaja throughput in 9M’2021 climbed by 8% Y-o-Y
10:25 Global Ports’ Consolidated Marine Container Throughput increased by 4.0% y-o-y in 9m 2021
09:53 MABUX: Bunker prices may rise on Oct 18
09:46 Northern Sea Route cargo traffic rose by 4.5%