• 2021 February 8 10:02

  MABUX: Bunker market this morning, Feb 08, 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 Gasoil) in the main world hubs) demonstrated slight upward changes on February 5:
  
  380 HSFO: USD/MT – 378.37 (+2.05)
  VLSFO: USD/MT – 480.74 (+3.84)
  MGO: USD/MT – 530.99 (+1.60)
  
  
  
  
  

   

   

   

   

   

   

   

   

   

   

   

  Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Feb.05 showed undercharging of 380 HSFO bunker grades in all ports ranging from minus 8USD (Rotterdam and Fujairah) to minus 13USD (Houston). VLSFO is overcharged in all 4 hubs in a range of 8USD (Houston) - 15USD (Singapore). MGO LS undervalued in all four major hubs ranging from minus 1USD (Houston) to minus 25USD (Singapore).
  
  
  
  
  
  

   

   

   

  Meantime, world oil indexes increased on Feb.05 supported by economic revival hopes and supply curbs by producer group OPEC and its allies.
  
  Brent for April settlement increased by $0.50 to $59.34 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for March rose by $0.62 to $56.85 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $2.49 to WTI. Gasoil for February delivery added $12.00.
  
  Today oil indexes continue to rise amid supply cuts by key producers and hopes for further U.S. stimulus measures.
  
  Saudi Arabia’s pledge to implement further supply cuts in February and March, and reductions by other OPEC+ members is also helping to maintain the balance in global markets.
  
  Despite the cuts, U.S. producers are increasing their output in order to take advantage of stronger crude oil prices. According to the energy services firm Baker Hughes Co., U.S. drillers last week added oil and natural gas rigs for an 11th week in a row for the first time since June 2017 as crude prices hit pre-pandemic highs. The U.S. oil and gas rig count, an early indicator of future output, rose by eight to 392 in the week to Feb. 5, the highest since May. Despite rising for six months in a row, that count is still 398 rigs, or 50%, below this time last year. U.S. oil rigs rose by four to 299 last week, also their highest since May, while gas rigs rose by four to 92, their highest since April.
  
  However, COVID-19 lockdowns that are still in place across parts of Europe and Asia continue to dampen fuel demand.
  
  We expect bunker prices may demonstrate upward changes today: 2-4 USD up for 380 HSFO, 5-8 USD up for MGO.

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2023 September 27

17:12	Sener develops the conceptual and basic engineering of two vessels with carbon capture systems for Grona Shipping
16:45	Maritime Partners acquires U.S. Marine Management from Maersk Line
16:24	Additional $8 billion to $28 billion to be required annually to decarbonize ships by 2050: UNCTAD report
15:39	Amur Shipyard launches two small missile ships of Project 22800, Rzhev and Udomlya
15:39	QatarEnergy signs new LNG ship-building agreement valued at QR14.2 billion with HD Hyundai Heavy Industries
14:45	Value Maritime сompletes first filtree system installation in China for Ardmore Shipping
14:13	GTT receives an order from Jiangnan Shipyard for the tank design of two new LNG сarriers
13:13	GTLK: fully operational ship repair complex in Murmansk Region to dock 90 ships per year
12:41	ABS grants AiP to Samsung Heavy Industries for cyber resilience
12:24	​Argeo and Shearwater form strategic alliance to transform subsea and ocean bottom seismic markets
11:41	ABS and AL Group to study Ultramax bulker methanol fuel conversion
11:38	Investments in Rosmorport’s ship repair base in the port of Ust-Luga is estimated at RUB 4 billion
11:05	Equinor and OMV agree new long-term gas sales agreement
10:55	PortNews Media Group welcomes to visit its stand at VI Global fishery forum & seafood expo Russia
10:40	Enova provides NOK 709 million in support for emission-free maritime transport
10:09	Galp takes final investment decision on green hydrogen and HVO/SAF projects
09:36	Ship repair companies are ready to unite in an association
09:21	Rohe Solutions first in Finland to start liquefying biogas at the Hamina LNG Terminal
08:58	Panama Canal adjusts Fresh Water Surcharge

2023 September 26

18:07	Fincantieri signs a EUR 800 million facility agreement
17:53	Shortage of sea transport vessels in Russia estimated at over 400 units
17:36	MV Ballard becomes first Klaveness Combination Carriers vessel equipped with Silverstream Technologies air lubrication system
17:16	Shell completes Gibraltar's first cruise ship LNG bunkering
17:09	Okskaya Sudoverf shipyard launches second bilge water removing ship of project RST38 for Rosmorport
16:45	Port of Kiel opens two shore power facilities at the Ostuferhafen
16:28	Scandlines Germany officially receives the first intermediate ROV class certificate without the presence of conventional divers
16:07	Murmansk Commercial Seaport handled 1 million tonnes of coastwise cargo year-to-date
15:40	HMM introduces direct service between Korea and Indonesia
15:24	MOL and Idemitsu to launch demonstration test on recycling of marine plastic waste
14:32	Crowley Engineering Services wins design, production contracts for Crescent Towing
14:14	Admiral Makarov SUMIS to install simulator for training specialists of maritime autonomous surface ships navigation
13:42	Bunker One and Acelen launch bunkering operations outside the Port of Itaqui, Brazil
13:11	Port Houston container volume down 20% in August 2023
12:55	RZD and FESCO achieved record high daily result having dispatched 1.3 thousand TEU in 10 container trains from Commercial Port of Vladivostok
12:41	JSE, “K”Line, MOL and NYK partner to establish global liquefied hydrogen supply chain
12:21	MarineMax to expand superyacht services in Greece
11:40	Light Structures teams up with DNV to deliver structural integrity and digital twin services
11:27	2nd Ship Repair, Modernization and Components Conference opened in Saint-Petersburg
11:10	Wind-propulsion installations poised to surpass 50 mark in early 2024
11:01	Aktau Sea Commercial Port (Kazakhstan) obtains status of internationally important port
10:45	Bay-Houston Towing announces purchase of Port Arthur and Lake Charles operations from Seabulk
10:23	MAN Energy Solutions has filed 37 ammonia tech patent applications
09:58	“K” Line announces acquisition of third-party certification for CO2 reduction using marine biofuels and completion of a certificate issuance system
09:42	Mechel reports restructuring 320-million-dollar loan
09:19	RF Navy's Northern Fleet trains countering maritime unmanned vehicles

2023 September 25

18:07	Meyer Werft starts construction of the new cruise ship for NYK Cruises
17:35	Port of Vancouver cargo volumes increase by 11% in H1 2023
17:24	Number of ships servicing FESCO’s direct line between Saint-Petersburg and ports of China and India to double by year end
17:13	MOL, PETRONAS and MISC set the stage for the development of liquefied CO2 carriers
16:18	Throughput of Turkish ports in 8M’23 totaled 349.3 million tonnes, down 4.3% YoY
15:31	Ecospray's two Carbon Capture technologies successfully tested onboard
15:01	ADNOC and TAQA reach financial close on sustainable water supply project
14:53	Samara based Nefteflot to build three multipurpose dry cargo ships of RSD34L design
14:35	ITOCHU executes MoU for ammonia bunkering safety for ammonia-fueled container carrier
14:12	Alfa Laval joins a project to develop and produce the world's first 10 MW green hydrogen production facility offshore in the North Sea
13:48	Babcock’s LGE business wins world first contract for ecoCO2 cargo handling system
13:20	Oboronlogistics and Chinese manufacturers of spare parts and equipment reached preliminary agreements on direct supplies
12:14	All 120 workers rescued after Nile cruise ship accident in Egypt
11:42	China's shipbuilding output up 16.9 percent to 27.98 dwt in the first eight months of this year
11:24	COSL enters into the rigs purchase and sale contracts
11:13	Astrakhan based shipyard of USC launches chemical tanker Azimuth-1
10:58	Port of Rotterdam and Yokogawa start study to increase energy and resource efficiency across industries
10:27	COSCO SHIPPING launches the automotive industry digital supply chain platform
09:42	Port of Liepaja throughput in 8M’2023 fell by 9% Y-o-Y to 4.57 million tonnes
09:18	Total throughput of China’s sea and river ports in 8M’2023 rose by 8.4% YoY

2023 September 24

17:26	Pyxis Tankers announces sale of product tanker
15:47	ITOCHU announces execution of MoU for ammonia bunkering safety for ammonia-fueled container carrier
14:19	Elyse Energy announces the opening of an e-methanol plant on the Roches-Roussillon chemical hub
12:05	Joint development of AI-powered automatic daft survey application
11:58	Candela's C-8 foiling craft covered 420 nm in a day