• 2021 May 13 15:13

    Bunker Weekly Outlook, Week 19, 2021

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

    During Week 19, MABUX World Bunker Index was rather steady with no any drastic changes in values. 380 HSFO index rose by only 0.37 USD: from 432.74 USD/MT to 433.11 USD/MT, VLSFO Index increased by 3.57 USD: from 528.43 USD/MT to 532.00 USD/MT, while MGO Index gained 8.56 USD (from 610.30 USD/MT to 618.86 USD/MT).

    The MABUX ARA LNG Bunker Index, available from April 29, 2021 and calculated as an average price of LNG as marine fuel in the ARA region, rose on Week 19 and showed weekly average 565.84 USD / MT (+ 41.70 USD). LNG Bunker Price Indices in major European ports and Regions, Gas Futures for TTF, NBP and Henry Hub, LNG Bunker Market news and more are available in new MABUX LNG Bunker Section on www.mabux.com

    The average Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – widened slightly to 97.95 USD (versus 96.78 USD last week, plus 1.16 USD) and came much closer to 100 USD key point. SS Spread in Rotterdam has widened during the week (plus 4.17 USD) and now its average mark is staying well above 100 USD level (105.00 USD versus 100.83 last week). In Singapore, SS Spread has lost 1.00 USD: from 112.83 USD to 111.83 USD. More details are available in new MABUX Differential Section on www.mabux.com.

    Correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (MABUX Digital Benchmark) in the four global largest hubs showed this week that 380 HSFO fuel was still undercharged in all four selected ports ranging from minus 3 USD at Houston (vs minus 6 USD a week before) and minus14 USD at Fujairah (vs minus 7 USD) up to minus 30 USD in Rotterdam (vs minus 26 USD) and minus 40 USD in Singapore (vs minus 38 USD). The margin of the underestimation has not had any drastic changes.

    The situation with VLSFO bunker prices, according to MABUX DBP Index, practically has not changed as well: underpricing in Rotterdam by minus 18 USD (vs minus 15 USD), in Fujairah - by minus 37 USD (vs minus 28 USD), in Singapore - by minus 36 USD (vs minus 33 USD). In Houston, VLSFO remained overcharged by plus 6 USD (versus plus 2 USD last week).

    MABUX DBP Index also registered undercharge of MGO LS in all selected ports ranging from minus 25 USD in Houston (versus minus 18 USD last week) up to minus 50 USD in Singapore (versus 47 USD) and minus 52 USD in Fujairah (versus minus 38 USD).

    Further details on the inclusion of shipping in the European Union’s Emissions Trading System (EU ETS) had been expected in June. The inclusion of shipping in the EU ETS forms part of an ambitious legislative package linked to the European Green Deal, and more specifically to the EC’s Climate Target Plan which is focused on raising the EU’s GHG emissions reduction target for 2030 from an earlier target of 40% to at least 55% (compared to a 1990 base line). The EC held a public consultation period on the inclusion of shipping in the EU ETS which closed at the end of February. The implementation of legislation on an ETS for shipping could take place as soon as 2022. It is not yet known whether Europe will include shipping in its current ETS or whether a shipping-specific system will be established.

    Source: www.mabux.com

2021 June 13

11:42 The 126-passenger expedition cruise vessel National Geographic Resolution hits the water
10:56 Saipem: Inauguration of Saipem Guyana offshore construction facility in Georgetown

2021 June 12

16:09 Fred. Olsen Cruise Lines unveils brand new sailings aboard new ships Bolette and Borealis in 2022
14:21 "Blowdown" to reduce risk and raise decommissioning progress
13:42 Roambee announces a strategic investment from and partnership with PSA unboXed
13:19 Belfast Harbour awards £25,000 to community projects
12:41 Maurice GEORGES named as new Chair of the Executive Board of Dunkerque-Port
11:38 AIDA Cruises resumes holiday voyages from July 29, 2021
10:52 OptiLink: A digital revolution in ballast water management

2021 June 11

18:07 LNG consumption as a marine fuel has almost doubled in 2020
17:31 Hapag-Lloyd to provide full transparency on vessel arrivals
17:09 MOL joins international think tank and accelerate development for carbon capture, utilization and storage
16:58 GTT obtains tank design order for two new LNG carriers from Samsung Heavy Industries
16:52 Shipping industry welcomes Nigeria’s creation of ‘Deep Blue’ to stamp out piracy in the Gulf of Guinea
16:24 Stena Line will move its Europoort-Killingholme service to Immingham
16:00 Yantar shipyard to build rescue ship of Project MPSV06M for Marine Recue Service
15:36 Sea Port of Saint-Petersburg hosts introductory practical training for students
15:13 The Port of Rotterdam Authority, Customs, Fresh Produce Centre and Portbase join forces to facilitate the growth market of refrigerated products
14:25 Seanergy takes delivery of two Capesize vessels with prompt commencement of period charters
13:51 Total throughput at the ports of Bremen increases once again during Q1 4 June 2021
13:32 Roman Gorgutsa appointed as General Director of Morstroytechnology
13:28 Mitsui E&S Machinery and 22 industry players kick off studying ammonia as an alternative marine fuel
13:04 MOL and ACSL use flying drone to conduct autonomous inspection of vessel holds under non GNSS and dark environment
12:49 Port of Los Angeles becames the first port in the Western Hemisphere to process 10 million container units in a 12‑month period
12:38 Oboronlogistics receives RS certificate on safety management of cargo ship Sparta
12:14 CNES and CMA CGM sign unique partnership agreement to spawn innovative solutions for shipping, logistics and the space industry
12:01 APM Terminals continues roll-out of digital export processing at Russian terminals
11:57 Russian Railways: Loading of export cargo bound for domestic ports grew by 8% in 5M’21
11:34 RS and GTT sign new cooperation agreement
11:33 Xeneta selects CLIVE Data Services’ ‘dynamic loadfactor’ data and analyses to deliver complete air cargo market intelligence
11:11 Stagnation in R&D investment creating unacceptable risk for industry zero emissions future - ICS
10:50 Throughput of port Riga (Latvia) in 5M’2021 dropped by 15.1%
10:29 Rosneft agrees heads of terms to sell a stake in the Vostok Oil Project to a consortium of Vitol and Mercantile & Maritime
10:08 DRAX and Mitsubishi Heavy Industries sign pioneering deal towards delivery of the world’s largest negative emissions project
09:52 Throughput of Russian seaports in 5M’2021 fell by 2.7% Y-o-Y
09:40 Oil prices continue decreasing
09:23 Baltic Dry Index as of June 10
09:16 MABUX: Global bunker prices may rise slightly on June 11.
09:04 The port of Rotterdam Authority intends to build brand new port information centre
08:02 Rolls-Royce to showcase future South Korean naval power and propulsion

2021 June 10

18:45 Equinor sells its refining business in Denmark to Klesch
18:25 Rolls-Royce builds new fuel cell demonstrator to ensure electricity supplies
18:05 DNV predicts that marine finfish production in deeper waters offshore will take a 13% market share in 2050
18:00 Comprehensive programme on development of Yamal resource potential to be developed by October 2021
17:51 Contract awards for PSVs in UK
17:50 BC Ferries' fourth Island Class ferry departs Romania on Transatlantic voyage bound for B.C.
17:35 Pilbara Ports Authority posts results for May 2021
17:09 Ministry of Industry and Trade renews import substitution programme with a focus on production of components
17:00 MABUX: Bunker Weekly Outlook, Week 23, 2021
16:45 P&O Ferrymasters builds new 10,000m2 warehouse at Genk to offer port-centric logistics solutions
16:35 Kalmar enters into Strategic Cooperation with Sichuan Port and Shipping Investment Group in China
16:15 Fincantieri to provide 8 vessels to Indonesia
15:52 Adriatic Gate terminal marks 10th year with 2M TEU milestone
15:31 Fincantieri to support Daewoo in the design of the new Korean aircraft carriers
15:13 Construction kicks off on world’s first zero-emission fast ferry
14:55 RF Navy’s Pacific Fleet conducts operational exercise in the central Pacific
14:09 5th Annual Capital Link Cyprus Shipping Forum to be held on June 17, 2021
13:32 Rosmorport pilots perform test pilotage operation for a vessel with extended dimensions
12:53 SCF’s stock market debut commended by Marine Money
12:31 Wärtsilä’s Sea traffic management system increases safety and efficiency of shipping on Croatian waters