• 2021 April 8 17:07

    Bunker Weekly Outlook, Week 14, 2021

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

    MABUX World Bunker Index has shown downward changes during the week. The 380 HSFO index has decreased from 414.21 USD/MT to 409.56 USD/ MT (-4.65 USD), VLSFO has lost 3.02 USD: from 500.59 USD/MT down to 497.57 USD/MT. MGO LS decreased by 0.72 USD from 572.99 USD/MT to 572.27 USD/MT.










    The Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – continued to decline during the week and averaged 87.54 USD (89.41 USD last week).

    SS Spread in Rotterdam has increased during the week from 95.00 USD up to 102.00 USD (+7.00 USD), the average SS spread for the week has also increased by 3.00 USD from 93.67 last week to 96.67 USD. In Singapore, SS Spread has also slightly increased during the week - by 5.00 USD: from 104.00 USD to 109.00 USD, while the average weekly SS index rose by 4.00 USD: from 104.17 USD last week to 108.17 USD.










    Correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark) in the four global largest hubs during the past week showed that 380 HSFO remain undervalued in three selected ports in a range from minus 10USD (Houston) to minus 31USD (Singapore). This kind of fuel is overcharged in Fujairah by 5USD. VLSFO according to DBP Index, is undervalued in a range from minus 13 USD (Rotterdam) to minus 27 USD (Singapore) in all selected ports except of Houston, where it is overpriced by +24 USD. MGO LS was also overvalued in Fujairah (+14USD) and Houston (+16USD). In Rotterdam and Singapore this type of fuel remained underpriced by minus 36USD and minus 39USD respectively.



    The percentage of VLSFO samples found to be non-compliant because of their sulfur content has more than doubled in 2021, according to testing company VPS. About 3% of the samples VPS received last year were found to be non-compliant on sulfur levels, and this rate has risen to about 7% so far in 2021. The majority of the non-compliance is coming from samples from Europe and the Americas.










    Supply of bunker fuels remains tight across most East of Suez ports, with lead times for VLSFO stems in Singapore stretching up to 11 days this week. Despite the weekly stockbuild, lead times for bunker fuels remain long in Singapore. The bunker hub’s demand seems to have picked up at the beginning of this week, adding further pressure on lead times. Fujairah’s low sulphur bunker availability is similar as last week. Lead times for VLSFO and LSMGO stems are unchanged on the week at six days in Fujairah, while lead times for HSFO380 has dropped from 12 days to 8 days now.

    Bunker fuels can be procured at a shorter notice in Zhoushan and Shanghai, which currently have the shortest lead times across East of Suez ports. Lead times for VLSFO and LSMGO stems now stand at 3 days in the two Chinese ports, up from two days last week. VLSFO and LSMGO stems remain tight in South Korea’s southern ports for another week. Lead times are steady on the week in Busan, stretching up to 9 days. Japanese HSFO inventories fell to six-week lows last week, as rising exports has drawn stocks.

    Low sulphur fuels continue to be readily available in major bunker locations across Europe and Africa, while HSFO380 availability has tightened further in the Canary Islands this week. VLSFO and LSMGO stems can be procured at short notice in ARA and other Northern European ports like Skaw and Hamburg. Prompt VLSFO and LSMGO deliveries are also in good availability in the Gibraltar Strait ports, in ports further east in the Mediterranean ( Piraeus, Istanbul and Malta), and in the Russian Black Sea port of Novorossiysk. HSFO380 availability has tightened further in the Canary Islands.

    South African ports continue to have limited HSFO180 volumes to supply, while VLSFO and LSMGO can be sourced with shorter lead times.

    Source: www.mabux.com

2021 May 8

08:49 FueLNG completes Singapore’s first ship-to-ship bunkering of an LNG-fuelled oil tanker

2021 May 7

17:18 HyTrucks consortium aims to have 300 hydrogen-powered trucks on the road in Belgium by 2025
16:34 Fairway adjustment on the Lower and Outer Elbe – start of two-stage release of increased drafts
15:17 thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains
14:54 Sustainable solutions for shipping: Rolls-Royce launches the first mtu Marine Summit
14:08 LR innovates lifecycle approach in oil and gas subsurface software
12:43 Taranto Cruise Port welcomes its first cruise ship
11:09 Castor Maritime buys a Kamsarmax dry bulk carrier
10:38 LR certification for one of Europe’s biggest windfarms

2021 May 6

16:17 Puget LNG and GAC Bunker Fuels join forces to supply LNG marine fuel by barge from the Port of Tacoma
15:53 Bunker Weekly Outlook, Week 18, 2021
15:41 Supply chain resilience solution: first supply-R pilot project completed with Shell
14:41 Damen launches Crane Barge in Yichang
14:32 Uni-Tankers invests heavily in intelligent engine management
14:29 Port of Corpus Christi Authority and Stabilis Solutions partner to construct LNG fueling Infrastructure for marine vessels
13:19 Continued growth, high profit and additional share buy backs from A.P. Moller - Maersk in Q1 2021
12:09 Mammoet on the company’s focus on projects for the renewables sector
11:42 CDC released guidance for cruise ships to undertake simulated voyages with volunteer passengers
10:57 Castor Maritime announces the en bloc acquisition of a tanke fleet consisting of 5 vessels

2021 May 5

15:33 Gibbs & Cox awarded $20M contract from Naval Surface Warfare Center, Philadelphia Division
14:18 Velesto Energy reports an incident with its rig VELESTO NAGA 7 at off the coast of Sarawak
13:41 Eastern Pacific Shipping and Rio Tinto enter charter for up to six dual-fuel LNG dry bulk carriers
12:48 New LNG bunkering barge from Titan LNG to supply Zeebrugge and English Channel regions
11:07 DNV awards AiP for new LNG fuel tank insulation with leak detection system

2021 May 4

17:24 SteelCoast’s growing momentum delivers gains
16:47 MPA announces full resumption of operations at the Port of Montreal and an end to the uncertainty
15:41 NAB strengthens long-term sustainability for Port of Newcastle landmark loan
15:21 MarineMax acquires KCS International, Inc. (Cruisers Yachts)
14:36 Tidal Channel into Bahia Grande closed until fall for $5M ecological restoration
13:47 USCG suspends response to overturned boat near Point Loma
12:38 BunkerMetric strengthens bunkering decision tool with wealth of Inchcape port call data
11:56 Government and business heads determine future of hydrogen at Ocean Now
11:04 Fednav welcomes the MV Arvik I - its newest icebreaking bulk carrier

2021 May 3

17:29 Total realizes France's first ship-to-containership LNG bunkering operation, after inaugural loading at Dunkirk LNG terminal
16:08 A-Navigation should be affordable and feasible for shipping companies – MARINET
15:36 IMO representatives consider Russian concept on a-Navigation convoy promising
15:18 Marlink Group closes the transaction on ITC Global
14:27 The U.S. Coast Guard suspends search for person in the water near Matagorda, Texas
13:48 A-Navigation will open up new opportunities for women involved in shipping activities
13:18 Carnival Breeze, Carnival Vista arrive in Galveston in advance of cruise rally at Port tomorrow
12:57 NTSB says maintenance error caused $2.2M marine accident with Canadian-flagged ship
12:43 Costa Cruises restarts from Savona with the flagship Costa Smeralda
12:07 Russia welcomes to benefit from its competences in Autonomous navigation safety
11:11 USCG searches for person in the water near Matagorda, Texas

2021 May 2

17:03 TNS Logistics relocates to Port of Brisbane
15:21 PSA Marine: Fueling connectivity with ONEHANDSHAKE™
14:18 Port Houston posts largest monthly container volume
13:44 Eidesvik announces sale of supply vessel Viking Athene
12:33 USCGC Hamilton conducts operations with Turkish navy
11:02 Port Canaveral first port in U.S. to support COVID-19 vaccinations for seafarers
10:53 Creek restoration partnership kicks off to improve waterway health
10:21 Port of San Diego to double shore power at cruise terminals
09:58 St. Tammany Corporation and Port NOLA sign MOU to attract manufacturing and distribution centers to the region

2021 May 1

16:18 CARGOES TOS+ (ZODIAC) completes “go-live” within 8 weeks at DP World Luanda terminal
15:12 GeTS Asia Pte Ltd receives SBR's Tech Award for Logistics
14:31 Höegh Autoliners set to launch the most environmentally friendly car carrier ever built
13:28 Puerto Rico Ports Authority and JAXPORT affirm longstanding partnership
13:14 Bergen Tankers put into service its LNG bunker vessel
12:29 Acergy Viking gets hybrid propulsion
11:17 Two USCG cutters arrive in Athens, Greece en route to their homeport in Bahrain