• 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




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

2021 April 30

19:23 Combi Lift returns to Damen for its new 111-metre Damen Stan Pontoon
18:05 Krasnoye Sormovo shipyard delivers dry cargo carrier Vladimir Latyshev
17:38 Some 16 bunkering companies to operate in Saint-Petersburg during summer navigation season
17:16 Global Ports Holding awarded Taranto cruise port
16:34 The CMA CGM Group announces the order of 22 new vessels
15:47 Multipurpose Reloading Complex in Ust-Luga increased handling by 22% in QI’2021
15:22 The Arbitration Tribunal rules the dispute between DP World PLC and the Kingdom of Belgium
14:43 Sea Port of Saint-Petersburg handled over 1.8 million tonnes of cargo in QI’2021
14:21 Services between Hamburg and Xuzhou successfully established
13:42 Main route of Volga-Baltic Basin opened for navigation
13:20 Australia bans bulk carrier Movers 3 after months of detention for appalling conditions
12:59 Supervisory Board of Tallink Grupp extends Management Board members’ term of office
12:41 Grimaldi launches Antwerp-Cork direct freight line
12:11 Port Houston posts largest monthly container volume in March 2021
11:30 Wärtsilä to introduce engine plus emissions abatement package to meet Chinese marine engine emission standard
11:00 RFC replaces raw material exports to China with the supply of deeply processed fish products
10:31 Tallink Grupp publishes 2021 first quarter financial results
10:04 Shchekinoazot and Haldor Topsoe sign an MoU to jointly discover opportunities for CO2 emission reduction
09:52 Cruise Baltic continued sustainable initiatives in 2020 despite an uncertain year