• 2021 January 14 10:20

    MABUX: Bunker market this morning, Jan 14, 2021

    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 in the main world hubs) continued upward evolution on Jan.13:

    380 HSFO: USD/MT 366.93 (+4.70)
    VLSFO: USD/MT 459.00 (+7.00)
    MGO: USD/MT 512.42 (+6.98)




     

     

     

     

     

     

     

     

     

     

    As of January 13, a correlation of the MBP Index (Market Bunker Prices) vs the DBP Index (Digital Bunker Prices) in the four global largest hubs showed that the only port where, according to DBP Index, all types of bunker fuel were undervalued, remains Singapore (380 HSFO - minus $ 9; VLSFO - minus $ 1 and MGO LS - minus $ 35). For the first time, there was also registered a slight undervaluation of 380 HSFO fuel in Fujairah - minus $ 1. In other selected ports, both 380 HSFO and VLSFO, according to DBP Index, were moderately overvalued by $ 1-7 and by $ 7-21, respectively. However, MGO LS remains under-priced in all selected ports in a range of $ 15 - $ 35, with the exception of Houston (plus $ 6).



     

     

     

     

    World oil indexes fell on Jan.13 as the threat of rising global COVID-19 cases further hampering global fuel demand outweighed support from a bigger-than-expected drop in U.S. crude inventories.

    Brent for March settlement fell by $0.52 to $56.06 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February delivery decreased by $0.30 to $52.91 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $3.15 to WTI. Gasoil for February delivery lost $0.25 – $460.25.

    Today morning oil indexes continue slight downward trend.

    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the previous week. This compared with an estimated draw of 5.82 million barrels from the American Petroleum Institute and analyst expectations of a draw totalling 2.72 million barrels. At 482.2 million barrels, U.S. crude oil inventories are about 8% above the five year average for this time of year.

    Rising COVID-19 death tolls in Europe and the United States and fresh virus containment measures elsewhere continue weighing on fuel prices. China recorded the biggest daily jump in COVID cases in more than five months, despite four cities in lockdown, increased testing and other measures aimed at preventing another wave of infections in the world’s second biggest economy.

    We do not expect any drastic changes in bunker fuel prices today. Fuel indices may change irregular in a range of plus-minus 1-3 USD. 




2021 February 25

09:59 CMA CGM implements FAK rates from the Mediterranean, Adriatic, North Africa & Black Sea to the Indian Subcontinent
09:50 Damen Shipyards launched BC Ferries' fifth battery hybrid-electric vessel
09:28 Oil market sees mixed price movements
09:12 Baltic Dry Index as of February 24

2021 February 24

18:06 Parkwind selects DEME Offshore for foundation EPCI contract at Arcadis Ost I
17:47 Ministry of Transport of Dagestan looks into organizing sea cruise tourism in Caspian Sea
17:26 ABS to class first ever Jones Act wind turbine installation vessel
17:16 Yangtze River Protection Law will come into force on 1st March, 2021
16:59 Admiral Kasatonov frigate of RF Navy’s Northern Fleet performs long range campaign tasks in Aegean Sea
16:28 Port of Antwerp deploys autonomous drones for safety enforcement
16:15 DFDS aims for greener ferries from alternative fuel project
15:51 Mordraga supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
15:29 Maersk backs plan to build Europe’s largest green ammonia facility
14:25 Vostochnaya Veft shipyard starts building yet another floating berth for RF Navy’s Pacific Fleet
14:03 Cargill and Maersk Tankers combine volumes and market expertise to launch new bunker procurement service
13:44 Chuvash Republic to be provided with RUB 330 million for purchase of river transport
13:12 Contractors selected to construct the quays in the Amalia Harbour
12:31 Port of Oakland cargo volume off due to crowded ports
12:27 Corvette Stoyky of RF Navy’s Baltic Fleet entered Oman on business call
11:57 Bureau Veritas joins the coalition for the energy of the future
11:23 MPA joins industry in ammonia fuelled tanker JDP
10:31 MABUX: Bunker market this morning, Feb 24, 2021
10:28 ASPO tests main propulsion plant of chemical tanker PortNews
10:09 The Grimaldi Group orders six ro/ro multipurpose vessels
09:27 Crude oil futures go down in response to growth of US resources
09:20 MPA and Yara join to Ammonia-fuelled tanker Joint Development Project
09:11 Baltic Dry Index as of February 23

2021 February 23

19:35 Braemar to repeat record-breaking voyage of Corinth Canal in 2022 with new cruise unveiled by Fred. Olsen Cruise Lines
16:19 Cutter Thetis returns from a 43-day Caribbean Sea patrol
15:11 Meyer Werft starts construction on Arvia for P&O Cruises
14:18 The Coalition for the Energy of the Future unveils its first seven concrete actions and welcomes three new members
13:35 New JOSCAR accreditation: UK office approved for UK defence projects
12:08 MABUX: Bunker market this morning, Feb 23, 2021
11:21 Port of Gdansk lands first delivery of post Brexit fish

2021 February 22

15:12 Hamworthy Pumps wins pump contract for new Royal Navy frigates
13:37 Atlantic Shores announces monumental six-union agreement to train and hire New Jersey union workers
12:24 APM Terminals Algeciras reaches all employees with a safety campaign
11:43 USCG medevacs man from tug boat 60-miles off Grays Harbor
10:37 MABUX: Bunker market this morning, Feb 22, 2021

2021 February 21

14:51 Port of Oakland names Julie Lam CFO
13:22 Guy Cowan takes helm at Port of Brisbane Pty Ltd
12:16 ABP gains international ISO 14001 Environmental Management Certification
11:04 JAX LNG and TOTE Services conduct their first ship-to-ship LNG bunkering of a foreign-flagged vessel at JAXPORT
10:53 Missing yacht found near Whangarei

2021 February 20

18:05 Sevmorzavod shipyard launches starboard pontoon for floating crane of Project ПК-700
16:59 The Panhellenic Crew Union to launch a 48-hour strike at the port of Piraeus in Greece
16:20 Average spot market price for Russian M100 product climbed to RUB 21,600 pmt
15:03 Conrad hosts steel cutting ceremony for GLDD
14:37 Busan Port's chain portal is introduced as a best practice in port digitalization
14:13 Rail subsidiary Metrans to expand network through investment in Hungary
13:48 Government of Finland proposed extension to validity of ships’ crew qualification certificates
13:06 Crowley integrates Jensen Maritime into new Engineering Services Group
12:54 Professor Horst Linde: Container terminal in Świnoujście will fill the gap between Hamburg and Gdansk
12:12 NAVTOR acquires vessel analytics and performance specialist Tres Solutions
11:13 NIBULON launches its sixth non-self-propelled NBL-91 Project vessel
10:49 LNG carrier Christophe de Margerie arrived in Sabetta
10:32 Maine Maritime Academy hires Capt. MacArthur as Master aboard T/S State of Maine
10:21 Globus Maritime announces the agreement to acquire a 2011-built Kamsarmax dry bulk carrier
09:30 Baltic Dry Index as of February 19
09:18 Castor Maritime announces vessel acquisition