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  • MABUX: Bunker market this morning, June 29
  • 2020 June 29 09:16

    MABUX: Bunker market this morning, June 29

    The Bunker Review 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 increased on Jun. 26:

    380 HSFO: USD/MT 287.99 (+1.92)
    VLSFO: USD/MT 344.00 (+3.00)
    MGO: USD/MT 419.12 (+0.06)


    Meantime, world oil indexes demonstrated downward changes on Jun. 26 on fears of more economic disruptions as Covid-19's rampage continues to devastate the United States and the world.

    Brent for August settlement decreased by $0.03 to $41.02 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for August fell by $0.23 to $38.49 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $2.53 to WTI. Gasoil for July delivery fell by $5.50.

    Today morning oil indexes continue to decline as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand.

    The new wave of coronavirus infections across the U.S. casts a new shadow over the outlook for demand in California, Texas and Florida, three of the most economically important U.S. states. Those states represent three of the four biggest regional centers of demand for motor fuel. Texas and Florida were both forced to suspend their plans for reopening their state economies on Jun.25 as the level of new Covid-19 infections hit a record. The United States reported more than 41,000 new cases on Jun.25, the second consecutive day with a record total, with health officials saying the true national caseload was probably 10 times the official count. These come as more than 2.4 million Americans have already been infected, with the death toll breaching 123,000.

    Global coronavirus cases exceeded 10 million on Sunday as India and Brazil battled outbreaks of over 10,000 cases daily. New outbreaks are reported in countries including China, New Zealand and Australia, prompting governments to impose restrictions again.

    Despite efforts by OPEC+ to reduce supplies, crude inventories in the United States, the world's largest oil producer and consumer, have hit all-time highs. Moreover, the U.S. crude output was estimated at 11 million barrels per day for the week ended June 19, versus 10.5 million bpd in the previous week. It was the first rise in U.S. production in 13 weeks. According to Baker Hughes, the number of active rigs in the United States decreased by 1 to 265 this week, down by 702 year on year. The number of active oil rigs reduced by 1 to 188. At the same time, there are fears, that higher oil prices are prompting some producers to resume drilling.

    Elsewhere, U.S. shale oil pioneer Chesapeake Energy Corp filed for bankruptcy protection on Jun.28 as it bowed to heavy debts and the impact of coronavirus outbreak on energy markets.

    As China imported its highest-ever volume of crude oil in May, its imports from the world’s top oil exporter, Saudi Arabia, nearly doubled to the highest on record after fuel demand recovered and refiners purchased crude at bargain prices in April. Chinese imports of crude oil from Saudi Arabia surged by 94.9 percent on the year and by 71 percent on the month in May, to reach 2.16 million barrels per day (bpd). Total crude oil imports into China surged to an all-time high of 11.34 million bpd in May. China smashed its crude oil imports record as manufacturing activity picked up and lockdowns eased. But refiners also took advantage of the cheapest crude in years in April to snap up cargoes for delivery in the following months. China didn’t import any oil from Venezuela in May, according to its customs data, while shipments from Iran also plummeted as buyers are steering clear of U.S. sanctions. Yet, shipping data suggests that China continues to receive crude from Venezuela, mostly through ship-to-ship transfers.

    We expect bunker prices may slightly decline today: 1-3 USD down for IFO, 3-5 USD down for MGO.




2021 October 27

18:22 IMC Shipping appoints Mingfa Liu as managing director for ship services
18:07 TotalEnergies and MOL hold naming ceremony of France’s first LNG bunker vessel
17:51 Damen built LNG bunkering vessel enters service in the Gulf of Finland
17:42 Rosmorport takes delivery of LNG-powered Ro-Ro ship Marshal Rokossovsky
17:40 DEME Offshore installs final foundation at Hornsea Two offshore wind farm
17:34 Port of Zeebrugge posts a strong growth in nine months of 2021
15:40 Dublin Port volumes down by 3.3% after nine months of 2021
14:33 IMO considers midterm-measures for GHG reduction from ships
14:12 BIO-UV Group adds 3d scanning to turnkey BIO-SEA BWTS retrofit services
13:50 Ocean Yield agrees to invest in six VLCCs with 10-year bareboat charters to International Seaways
13:02 WinGD invests in training as gas-fuelled fleet grows
12:52 Vyborg Shipyard contracted to build an 18 MW icebreaker for Rosmorport
12:38 Zero emissions by 2050 is not enough for most developed countries if planetary warming is to be limited to 1.5 degrees - DNV
12:37 The LNG Fleet, LNG Bunkering and Other Alternatives Conference kicks off in Moscow
12:06 FESCO to supply Indian stations in Antarctica for another 5 years
11:51 Constructora Vale Verde places a repeat order for a cutter suction dredger with Damen Shipyards
11:19 MarineMax reports record fourth quarter and fiscal year results
11:18 FSRU Marshal Vasilevskiy completes maiden voyage with LNG cargo on the Northern Sea Route
10:09 Siemens Gamesa solidifies offshore presence in U.S. with Virginia blade facility
09:55 MABUX: No firm trend on Bunker market on Oct 27
09:33 Baltic Dry Index as of Oct 26
09:25 Aquadrill announces sale of a semisubmersible drilling unit
08:57 Oil prices edge lower

2021 October 26

18:06 FarSounder and NAVTOR announce a new partnership
17:49 Russian State Duma approves a bill on wrecks removal in the first reading
17:36 FuelEU can do more for the decarbonisation of shipping – World Shipping Council
17:08 First global hydrographic innovation and technology laboratory established in Singapore
16:31 BIO-UV Group adds 3D scanning to turnkey BIO-SEA BWTS retrofit services
16:24 Wärtsilä commits to carbon neutrality by 2030
16:05 CSL Americas takes delivery of second converted self-unloading ship
15:27 Damen Maaskant Shipyards Stellendam delivers 38-metre Beam Trawler to Rederij Long Ships
15:17 Vard Electro dual-battery pack to reduce emissions for Siem Offshore subsea vessel
15:01 Baltic Shipyard marks successful loading of shield tank duo onto the 22220 nuclear icebreaker Yakutia
14:13 BW Energy signs an agreement for the acquisition of semi-submersible drilling rig for the Kudu development
13:19 Wallem Group appoints John-Kaare Aune as new Chief Executive Officer
12:13 DP World: RWG terminal to be the first carbon neutral container terminal in the world
11:32 ClassNK grants Innovation Endorsement for Products & Solutions to Weathernews’s CIM
11:02 AIDA Cruises’ new cruise ship completes its first voyage on the river Ems
10:51 Sea Machines names Trevor Vieweg as new chief technology officer
10:14 TECO 2030 receives NOK 50 million in government support for fuel cell development
10:07 MABUX: Bunker prices may demonstrate irregular changes on Oct 26
09:54 Baltic Dry Index as of Oct 25
09:51 San Pedro Bay ports announce new measure to clear cargo
09:09 Oil prices continue to climb

2021 October 25

19:59 Severnaya Verf readies the 170701 series factory freezer trawler Kapitan Sokolov for shore power connection
18:13 CMA CGM applies Winter Surcharge in the Russian ports of St Petersburg, Bronka and Ust-Luga
17:44 Estonia’s Elenger takes delivery of first Damen LGC 6000 LNG bunkering vessel
17:34 Carnival Cruise Line christens Mardi Gras in first naming ceremony in the U.S. since industry restart
16:57 Sembcorp Marine clarifies report on the Johan Castberg Project
16:47 Two ways to experience the Fort Lauderdale Int'l Boat Show
15:23 Trafigura Group closes USD2.4 billion-equivalent syndicated revolving credit facility and term loan facilities
14:22 Sea Port of Saint Petersburg’s employees support package during COVID-19 pandemic
14:02 Svanehøj launches a new control system makes P&C offloading faster and easier
13:20 PIL launches new direct China to Gulf Service – Gulf China Service
12:15 Port of Hamburg honoured as ‘Best Seaport – Europe’
11:35 LR granted AiP to Samsung Heavy Industries for liquefied hydrogen carrier
11:12 Rosmorport updates Port of Ust-Luga data in the Register of Russia’s seaports
10:17 MABUX: Bunker prices may demonstrate upward changes on Oct 25
09:38 Russian Gov’t gives green light to imposing some port services tariffs in foreign currency
09:21 Baltic Dry Index as of Oct 22