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  • MABUX: Bunker Weekly Outlook, Week 21, 2021
  • 2021 May 27 16:51

    MABUX: Bunker Weekly Outlook, Week 21, 2021

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

    During Week 21, MABUX World Bunker Index has returned to a phase of moderate upward evolution. 380 HSFO Index increased by 8.37 USD: from 416.01 USD/MT to 424.38 USD/MT, VLSFO Index rose by 7.82 USD: from 514.85 USD/MT to 522.67 USD/MT, while MGO index added $ 6.83 (from 610.52 USD/MT to 617.35 USD/MT).

    MABUX ARA LNG Bunker Index - the average price of LNG as a marine fuel in the ARA region, fell by 6.98 USD from 607.67 USD/MT last week to 600.69 USD / MT now. At the same time, the average LNG Bunker Index rose by 6.74 USD. MGO LS prices for the same period rose by 9 USD / MT. Since May 6, the price of LNG as bunker fuel in Rotterdam has consistently exceeded the price of MGO LS by average 55-65 USD. LNG bunker price indices, TTF, NBP and Henry Hub gas futures, LNG bunker market news and more are available in the new LNG Bunkering section at www.mabux.com.

    The average Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - fell slightly to $ 98.45 (versus $ 99.86 last week, minus $ 1.41). At the same time, SS Spread in Rotterdam has not changed during the week and remained at $ 109.00, however, its weekly average slightly decreased by $ 0.16 to $ 108.17 ($ 108.33 last week). In Singapore, the SS Spread fell by $ 1.00, while its weekly average decreased by $ 3.00 to $ 109.50 USD ($ 112.50 last week). Thus, the average weekly SS Spread in both ports have become almost equal and are still above the psychological mark of $ 100. More information is available in the Differentials section at 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 remained undervalued in all four selected ports ranging from minus $ 7 in Houston (versus minus $ 5 last week) and minus $ 21 in Fujairah (vs. minus $ 24) to minus $ 42 in Rotterdam (vs. minus $ 37) and minus $ 53 in Singapore (vs. minus $ 48). The underestimation margins in all four ports have not changed significantly.

    The underestimation trend of VLSFO, according to MABUX DBP Index, changed irregular this week in three of four selected ports: in Rotterdam, the registered underpricing was minus $ 26 (vs. minus $ 21 last week), in Fujairah - minus $ 38 (vs. minus $ 44), in Singapore - minus $ 50 (versus minus $ 45). Meantime, only in Houston DBP Index registers VLSFO overcharge: plus $ 7 (versus plus $ 10 last week).

    As for MGO LS, MABUX DBP Index registered an undercharge of this grade at all selected ports ranging from minus $ 23 (versus minus $ 24 last week) in Houston to minus $ 50 (minus $ 43) in Rotterdam, minus $ 48 (minus $ 50) in Singapore and minus $ 54 USD (versus minus $ 58) in Fujairah. Overall, the MBP/DBP Index margins have remained stable during the week and have not shown significant changes.

    Eurotank Amsterdam, part of VTTI, is to convert its gasoil tanks to hold biofuels, mixed biofuels and hydrotreated vegetable oil (HVO). The move follows a successful pilot project and the company says it is a key step in realising its ambition to offer storage for renewable energy at the Port of Amsterdam. Over 75,000 cubic metres of storage capacity will be made ready for biofuels and the first phase of the projects will be commissioned at the end of the year. ETA is also developing the infrastructure for biofuels. The jetties and loading arms will be upgraded this year and a new truck loading station will be built.

    Source: www.mabux.com

2022 January 27

18:35 ABP launches the first of its new tranche of port-manufacturing sites at Port of Hull
18:05 Indian Register of Shipping classes first 100 pax hybrid catamaran (battery powered) ferry
17:52 Onezhsky Shipyard launches lead crab catching ship built for Russian Crab Group
17:35 Kawasaki Heavy Industries announces delivery of LPG-fueled LPG carrier CRYSTAL TRINITY
17:05 NAPA and MOL roll out digital Navigational Risk Monitoring Solution on over MOL’s 700+ ships
16:45 Port of Antwerp, North Sea Port Flanders and Port of Zeebrugge launch the stimulus programme ‘Accelerating modal shift’
16:36 Construction of digital shipyard commenced at Onezhsky Shipbuilding, Ship Repair Yard
16:17 Suez Canal Economic Zone signs local and foreign contracts for Sokhna port new berths works
15:35 Construction of support fleet base in Ust-Luga approved by Glavgosexpertiza
15:32 ABS grants AIP to a coordinated design for a wind turbine installation vessel
15:14 Tarragona Port Authority has awarded Global Ports Holding a 12-year concession to manage the services for cruise passengers
15:00 Marine Rescue Service removed all oil products from Chinese ship Xing Yuan
14:53 Cooperation Agreement signed between ThPA S.A. and Suez Canal Economic Zone
14:42 DP World joins forces with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
14:32 A.P. Moller - Maersk shares millions of weather observations to aid climate science
14:22 IMB releases 2021 Piracy and Armed Robbery Report
14:04 FESCO launches regular container train from Vladivostok to Ulyanovsk
13:40 Swissterminal starts a new rail link between the port of Antwerp and Ottmarsheim
13:28 FESCO confirms compliance with standards for operation of vessels in US waters
13:03 Georgia Ports Authority tops 5.5M TEUs, 650K units in 2021
12:49 NYK delivers methanol-fueled chemical tanker
12:02 Throughput of Yeisk port in 2021 remained flat, year-on-year
11:30 Tallink Grupp’s vessel Baltic Queen heads to Naantali, Finland for regular dry-docking
10:56 Throughput of Temryuk port in 2021 rose by 10.3% YoY
10:37 MABUX: Bunker Weekly Outlook, Week 04, 2022
10:33 Haldor Topsoe becomes member of Hydrogen Council to promote green hydrogen solutions
09:48 Registration is underway for 5th Hydraulic Engineering and Dredging Congress
09:29 Baltic Dry Index as of January 26
09:12 Crude oil prices decrease on reduction of supply disruption risks
08:57 MABUX: Global bunker market to continue firm upward evolution on Jan 27

2022 January 26

18:06 Safe Bulkers announces agreement for the acquisition of one Capesize class dry-bulk Japanese vessel
17:54 Olga Naumova takes helm of Russian Fishery Company
17:41 Shearwater GeoServices awarded Western Australia multicomponent surveys by Santos
17:26 Heerema wins decommissioning contract for multiple Petrogas platforms
16:27 USCG to break ice along Penobscot, Connecticut, and Hudson Rivers
16:03 Deltamarin signs an engineering contract for Höegh Autoliners Aurora Class PCTCs
15:58 Avenir sells the world’s largest LNG bunker vessel
15:55 Rosmorport supports "Soul of the Caspian" expedition aimed at studying and conserving Caspian seal
15:33 Maersk Supply Service launches new venture company to deliver offshore vessel charging
14:40 Throughput of OTEKO Group terminals in Taman surged by 82%, year-on-year
14:13 Fincantieri’s U.S. shipyards join Green Marine
13:48 Yakutia LNG project may need new port facilities in Sea of Okhotsk
13:27 Konecranes provides 17 Automated Rubber-Tired Gantry Cranes in fully integrated solution for Port of Felixstowe
12:37 Freeport of Ventspils handled over 11.1 million tons of cargo in 2021
12:01 DNV selected to lead “pioneering" ammonia bunkering safety study in Singapore
11:32 Superyacht Phi delivered to ABS class
11:23 Smart Ports Russia 2022 to bring together ports and terminals in Moscow
10:58 KN transhipped the first bulk bitumen to a tanker
10:58 Port Houston annual TEUs set record with 15 percent growth
10:37 CIMAC World Congress is postponed to June 2023
10:01 Klaipeda Port handled 45.6 million tonnes of cargo in 2021
09:53 KCC signs pilot agreement for Yara Marine’s ‘FuelOpt’ energy efficiency system
09:39 Baltic Dry Index as of January 25
09:18 Crude oil prices start decreasing
08:33 MABUX: Global bunker market compensates losses from the day before

2022 January 25

18:10 Ports of Los Angeles & Long Beach postpone Container Excess Dwell Fee
17:55 Joint Russian-Chinese naval exercise Peaceful Sea-2022 took place in the Arabian Sea
17:36 Broad scope of Wärtsilä power solutions selected for gas-fuelled ferry trio
17:26 ICTSI's Cavite Gateway Terminal beefs up operations
17:04 BLRT Grupp is constructing a unique floating exhibition centre for Norway