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  • 2020 September 3 15:03

    MABUX releases weekly bunker review

    The Weekly Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    There are no any drastic changes in bunker prices registered on global fuel market in a week despite a string of bullish news, including strong economic data from China, a weaker U.S. dollar that made oil cheaper for buyers in foreign currencies, and reports of more economic stimulus discussions in key markets. The World Bunker Index MABUX has decreased slightly for a week. The 380 HSFO index fell from 316 to 312 USD/ MT (-4.00 USD), VLSFO lost 5.00 USD: from 366 to 361 USD / MT, MGO declined by 6 USD: from 444 to 438 USD / MT. The Global Scrubber Spread (SS) (price difference between 380 HSFOs and VLSFOs) narrowed by 2.68 USD and averaged USD 50.39 (53.07 USD a week ago).

    August average SS Spread in Rotterdam was at 46.46 USD (min. 35 USD/max. 55 USD). Monthly average SS Spread at the port of Singapore was 15 USD higher – 61.83 USD (min. 56/ max. 71). SS difference in both hubs narrowed to 7 USD on Sep.02 while was up to 22 USD again on Sep.03.

    A new emission control area (ECA) for the shipping industry was launched this week. From Sep.01 the sulfur limit has been cut from the global 0.50% cap to 0.10% for ships in South Korea's new ECA (the ports of Incheon (including Kyongin), Oyeongtaek Dangjin, Yeosu, Gwang-yang (including Hadong), Busan and Ulsan. At first ships will be required to comply with the new limit within one hour of anchoring or mooring in the ECA, and from the start of 2022 they will be required to use 0.10% sulfur fuels at all times within the area. The use of scrubbers is permitted, and South Korea does not impose restrictions on the discharge of washwater from open-loop scrubbers.

    As per Cockett Marine Oil, global bunker demand may have dropped by as much as 17% this year. The company's internal estimates show a drop of 11-17% for 2020 as a whole. The drop is equivalent to a decline of 29-45 million MT from 2019 s level. At certain locations, the impact of reduced shipping activity over the economics of marine fuel arbitrage would limit the prospects of sustained demand. However, it is predicted that the decline in marine fuel demand will have established a bottom during the third quarter of this year taking into consideration the prospects for a [Covid-19] vaccine and its availability for mass distribution.




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