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  • 2021 April 15 15:08

    Bunker Weekly Outlook, Week 14, 2021

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

    MABUX World Bunker Index decreased during the week. The 380 HSFO index has decreased from 407.92 USD/MT to 420.77 USD/ MT (+12.85 USD), VLSFO has added 15.16 USD: from 497.76 USD/MT up to 512.92 USD/MT. MGO LS increased by 12.34 USD from 572.70 USD/MT to 585.04 USD/MT.









    The Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO –increased during the week and averaged 91.79 USD (87.54 USD last week).

    SS Spread in Rotterdam has decreased during the week from 102.00 USD up to 100.00 USD (-2.00 USD), the average SS spread for the week has increased by 6.66 USD from 96.67 last week to 103.33 USD. In Singapore, SS Spread has also slightly decreased during the week - by 3.00 USD: from 115.00 USD to 112.00 USD, while the average weekly SS index rose by 7.33 USD: from 108.17 USD last week to 115.50 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 2USD (Houston) to minus 38USD (Singapore). This kind of fuel is overcharged in Fujairah by 5USD. VLSFO according to DBP Index, is undervalued in a range from minus 7 USD (Rotterdam) to minus 20 USD (Singapore, Fujairah) in all selected ports except of Houston, where it is overpriced by +32 USD. MGO LS was also overvalued in Fujairah (+12USD) and Houston (+9USD). In Rotterdam and Singapore this type of fuel remained underpriced by minus 39USD and minus 40USD respectively.





    About 4.20 million metric tonnes (MT) of marine fuel were sold last month at the port of Singapore, that is 2.8% down from the 4.32 million MT recorded a year ago. However, last month’s total represented a 1.9% increase on the 4.12 million mt of marine fuel sales recorded at the global bunker hub in February 2021. A total of 12,822,400 mt of marine fuel was sold during the first three months of 2021. In contrast, during the same period in 2020, the Maritime and Port Authority of Singapore recorded 12,716,700 mt of bunker sales.




















    Monjasa declared that the company sold 4.9 million MT of bunker fuel in 2020 in spite of a global market contraction due to the pandemic, with volumes in its Southeast Asian business surging by 80%. According to Monjasa’s Annual Report for 2020, in spite of the supply chain dislocation caused by the pandemic and the resulting decline in bunker demand, the company posted an increase in volumes every month last year compared to 2019 levels. The company highlighted notable volume increases in the Americas and Southeast Asia. With high activity levels at the Panama Canal and across the US, the company’s Americas’ business recorded a 22% quantity hike, reaching a total volume of 1.4 million mt for the year.

    Source: www.mabux.com

2022 May 22

15:41 Kongsberg: Major breakthrough towards a Common Data language in the energy industry
14:18 Victorian Gov't accepts Port of Melbourne Undertaking in response to ESC findings
13:27 Royal IHC delivers Beaver® 65 to DACINCO
12:03 APM Terminals Mobile to expand by 32 acres
11:34 Seaspan announces order for four 7,700-teu DF LNG containership newbuilds
10:51 Port of Oakland volume declines 7% as Shanghai struggles
10:32 Eleven start-ups awarded MINT-STARTUP Grant at the launch of Smart Port Challenge 2022

2022 May 21

14:07 CIP proposes to build a hydrogen island in the North Sea by 2030
13:27 Sanmar Shipyards delivers highly manoeuvrable and powerful tug to Svitzer
12:37 ISS issues RFPs to construct North America’s first zero-emissions towboats for Zeeboat, LLC
11:32 Callan Marine christens 28” CSD General Bradley
10:51 DP World expands ambitious sustainability strategy

2022 May 20

18:15 Inland ports urge the true completion of the European Network
18:00 IAA PortNews’ summary of past week news
17:37 Port Kolomna holds keel-laying of Moskovsky-703 dredger, Project 4395
16:56 Gazpromneft Marine Bunker prolongs contract on operation of terminal in Saint-Petersburg port till 2027
16:05 Blue Tern to support jacket installation campaign on Neart na Goithe
15:51 RUSCON sent cargo to China via inland terminal in Nakhodka
15:29 DNV certifies first training platform provider Seably
14:24 USC is in talks with potential customers on construction of container ships
14:02 Port of Savannah moves nearly 500K TEUs in April 2022
13:59 RF Navy to take delivery of 20 warships in 2022 – Vice Prime Minister Yury Borisov
13:18 MOL holds joint public-private anti-piracy drill with LNG carrier 'LNG MARS'
12:54 Daewoo Shipbuilding сancels LNG сarrier order linked to Sovcomflot - The Maritime Executive
12:43 USC set to start serial production of components for ship propulsion units in 2024-2025
12:41 Russian oil producers start to book up an increasing number of tankers owned by Sovcomflot - Bloomberg
12:24 Corvus Energy sets up US battery factory to meet market demand for hybrid and zero-emission vessels
12:14 Wärtsilä extends leadership in hybrid vessel segment
11:52 GTT receives an order from Hyundai Samho Heavy Industries for the tank design of a new LNG carrier
10:55 Havyard Group ASA and HG Group AS merge to create a leading service provider
10:00 USC head forecasts increase of orders from defense industry
09:19 Crude oil futures decrease on possible rise of supplies to China
08:56 MABUX: Irregular changes to prevail in Global bunker market on May 20

2022 May 19

18:06 Valenciaport detects in April a decline in Spanish export activity
17:48 Border checkpoint opened at Ultramar terminal in Ust-Luga seaport
17:26 CIMC Raffles delivered the first of two record-breaking ships to Wallenius Sol
17:15 ClassNK certifies NAPA Fleet Intelligence and NAPA Performance Monitoring and Optimization, and adds new notations to ships
16:41 New zero-emission Côte d’Ivoire Terminal receives first port equipment
16:12 PortsToronto releases 2021 Audited Financial Statements
16:05 “K” Line Group’s Yokohama Daikoku C-4 Terminal starts operation utilizing renewable energy
15:38 OTEKO obtains ISO 9001 certificate for handling of dry bulk cargo
15:06 Port of Salalah commissions new equipment to increase efficiency and meet demand
14:13 The first ship equipped to utilize future fairway services tested at Port of Kokkola
13:49 Vladivostok Fish Terminal puts into operation refrigerating facility of 7,000 tonnes in capacity
13:02 Wärtsilä completes delivery of 15 LPG fuel supply systems
12:28 Development of programme for Ship Repair, Modernization and Components conference is underway
12:07 MABUX: Bunker Weekly Outlook, Week 20, 2022
12:03 Long-term rates for reefer containers on the key US West Coast to Far East route up 60% in April - Xeneta
11:50 H2-Industries set to clear the oceans of plastic waste and produce clean fuel from innovative ship design
11:32 EU policymakers still need more ambitious green measures - Danish Shipping
11:11 PortNews issues its annual analytical report “Civil Shipbuilding in Russia”
11:03 Ports Long Beach and Los Angeles give update on Clean Air Action Plan
10:36 Global Ship Lease announces new forward charter agreement
09:56 RS developed requirements on usage of alternative fuels
09:53 ZIM reports record financial results for Q1 2022
09:29 Russian oil exports in January-April 2022 declined by 0.6% to 66.3 million tonnes
09:13 Crude oil futures rise on US reserves reduction statistics
08:58 MABUX: Bunker prices may continue downward changes on May 19

2022 May 18

18:35 Jotun's new tool to forecast carbon intensity of vessel operations
17:56 Gasum considers that natural gas imports from Russia could end this week