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  • MABUX Digest: Top events on global bunker market: Week 14
  • 2020 April 6 16:08

    MABUX Digest: Top events on global bunker market: Week 14

    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) demonstrated irregular trend while 380 HSFO gained one dollar globally but VLSFO and MGO continued sliding evolution in the period of Mar 30 - Apr 03:

    380 HSFO 248.96 → 249.98 USD/MT (plus 1.02 USD)
    VLSFO       314.00 → 305.00 USD/MT (minus 9.00 USD)
    MGO          404.57 → 392.73 USD/MT (minus 11.84 USD)

    • Nigeria has imposed new restrictions on cargo ships entered the country’s ports as part of its efforts to restrict the spread of the coronavirus outbreak. Nigeria is not the first to introduce restrictions on cargo ship movements in response to the coronavirus. On 18 March Australia’s Maritime Safety Queensland (MSQ) issued a direction which bans ships from entering a Queensland pilotage area if they, or any persons onboard, have travelled to or transited through a country outside Australia within the previous14 days.

    • Bunker suppliers in India have seen marine fuel enquiries drop sharply in recent weeks, and the trend is likely to continue, with some pointing to a minimum 10%-15% year on year fall for 2020 in bunker fuel demand as trade slows during this lockdown.

    • Very low sulfur fuel oil (VLSFO) production in South Korea is set to rise from this month after oil producer SK Energy completed an upgrade at its Ulsan refinery. The company started commercial production from the new vacuum residue desulfurisation unit at the Ulsan plant on March 14. The new unit adds 40,000 b/d of desulfurisation capacity to the Ulsan site.

    • Liquid Wind has announced that it is leading a consortium of companies supporting the Power-to-Fuel project which is looking to produce carbon neutral fuel from captured carbon dioxide (CCU) and renewable green hydrogen. The other members of the consortium include Axpo, COWI, Carbon Clean Solutions, Haldor Topsoe, Nel Hydrogen and Siemens and the project is supported by a €1.7M investment from EIT InnoEnergy.

    • China’s State Council will grant export quotas for refined oil products to non-state refineries in the Zhejiang free trade zone, and will also study raising export rebates for very low sulphur fuel oil (VLSFO) and allowing companies to carry out bonded oil blending within the free trade zone.

    • Singapore 0.5% marine fuel suppliers and traders have been looking to secure finished grade end-user product due to a lack of available tank space for blending components to make IMO-complaint marine fuel as falling demand leads to a build in inventories. Singapore’s heavy distillate inventory levels averaged 4 million mt in the four weeks ended March 26, up from 3.66 million mt in February and 3.51 million mt in January.

    • Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based Sinanju Tankers Holdings; the business has been rebranded as Vitol Bunkers (S) Pte Ltd, which will carry out all deliveries from 1 April.

    • BIMCO, the International Chamber of Shipping (ICS) and other industry partners have presented the International Maritime Organization (IMO) with a list of recommendations for governments and relevant national authorities on the facilitation of maritime trade during the COVID-19 pandemic. The recommendations, now issued to all IMO member states via an IMO Circular Letter, address: access to berths in ports, measures to facilitate crew changes in ports, measures to facilitate port operations, and measures to ensure health protection in ports, among other issues.

    • Shipping organisations, supported by government and military organisations, have produced a new, free-to-download maritime security guide for ships operating off the coast of West Africa. The publication – entitled Best Management Practices to Enhance Maritime Security for Vessels & Mariners Operating Off the Coast of West Africa – is available to download at www.maritimeglobalsecurity.org, and printed copies of the publication will be available later in the year.

    • Fluxys has reported a ‘record quarter’ for LNG turnover at its Zeebrugge terminal, with 72 ship operations conducted over the three-month period. In a statement posted on its website yesterday (31 March), Fluxys said that this total broke down into 15 ships in January, 27 in February and 30 in March.

    • Bunkering operations at the Sri Lankan port of Hambantota are now set to begin. The first oil tanker called at the port to discharge fuel and bunkering services officially started on April, 2). The port has low sulphur fuel.

    • CMA CGM has announced that, ‘taking into consideration the current price of VLSFO’, the Low Sulphur Surcharge (LSS20) which it introduced on 1 December will not be applicable from 1 May. However, the shipowner added the surcharge ‘may come back later as per our formula’.

    • The British Ports Association (BPA) has launched an information hub for UK ports dealing with the coronavirus outbreak. In a statement the BPA said that the intention is to signpost the information that is coming from the government and numerous agencies ‘in one place in a clear and concise manner’ so ports are not overwhelmed by the tide of daily updates.

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2021 October 20

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%
09:29 Crude oil prices rise driven by roaring demand