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  • MABUX: Bunker Weekly Outlook, Week 37, 2021
  • 2021 September 16 13:16

    MABUX: Bunker Weekly Outlook, Week 37, 2021

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

    On a Week 37, the MABUX World Bunker Index showed moderate growth. The 380 HSFO index rose by 10.95 USD: from 457.20 USD / MT to 468152 USD / MT, the VLSFO index increased by 12.38 USD: from 552.45 USD / MT to 564.83 USD / MT, while the MGO index added 8.31 USD (from 650.13 USD / MT up to 658.44 USD / MT).

    MABUX ARA LNG Bunker Index, calculated as the average price of LNG as a marine fuel in the ARA region, turned into a moderate decline over the Week 37 from 1062.42 USD / MT to 1058.30 USD / MT (minus 4.12 USD). At the same time, the average LNG Bunker Index increased by 21.85 USD compared to the previous week (1059.43 USD/MT versus 1037.58 USD/MT). The MGO LS average price in Rotterdam for the same period increased by 15.00 USD / MT, and the average price difference between bunker LNG and MGO LS in Rotterdam gained 17.85 USD, approaching the 500 USD mark: (472.10 USD/MT versus 454.25 USD/MT last week). Prices for LNG as a bunker fuel in the ARA region continue to rise amid uncertain prospects for the Nord Stream 2 pipeline, limited LNG supplies to Europe and limited pipeline gas supplies from Norway and Russia, and low gas storage levels in Northern Europe. LNG bunker price indices are available in the LNG Bunkering section on www.mabux.com.

    The average weekly Global Scrubber Spread (SS) - the price difference between 380 HSFO and VLSFO - remained virtually unchanged during the week at $ 95.00 (versus $ 94.43 last week). Meantime, the average value of SS Spread in Rotterdam stays stable above the $ 100 mark: $ 109.83 (vs. $ 108.00 last week, plus $ 1.83). Noteworthy is the continuing decline of average weekly SS Spread in Singapore: $ 83.67 versus $ 90.17 last week (minus $ 6.50).  More information is available in the Differentials section on the website www.mabux.com.

    Correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (MABUX Digital Benchmark) in the four global largest hubs over the past week showed that 380 HSFO fuel grade was overvalued in all selected ports. The minimum overprice ratio was recorded in Rotterdam (plus $ 3) and Houston (plus $ 7), the highest – in Singapore (plus $ 46).

    VLSFO fuel, grade, according to the MABUX MBP / DBP Index, was also overcharged at all selected ports with trough levels in Houston (plus $ 7) and Rotterdam (plus $ 8). In Singapore and Fujairah, VLSFO overpricing was plus $ 17 and plus $ 18, respectively.

    MGO LS remains the only fuel grade that, according to MABUX MBP / DBP Index, was underpriced at all selected ports on Week 37: the minimum margin in Houston (minus $ 4) and the maximum - in Singapore (minus $ 30).

    A new report from Lloyd’s Register (LR) has called for ‘immediate action on maritime decarbonisation’ in order to prevent future supply chain interruptions and minimise disruption to the ‘backbone of world trade’.  LR pointed out that transition to zero-carbon shipping will be ‘among the most significant in the sector’s history’ and warned that a lack of regulatory certainty and support from policymakers could see a rushed and uncoordinated transition, potentially leading to significant supply chain disruption. The LR study found consensus among maritime experts that shipping companies, their customers, and governments, need to work together on global solutions before the urgency of the climate crisis forces the sector into disruptive and fragmented changes. The report also flagged up the importance of infrastructure and the availability of the new alternative shipping fuels.

    Source: www.mabux.com




2021 October 19

18:24 Ocean Yield ASA sells two LR2 tankers
17:44 Klaveness Combination Carriers sells a 21-years old CABU vessel
17:22 Oboronlogistics delivers cargo for the construction of a cultural cluster in Kaliningrad
16:58 North Sea Port, Zeeland Regional Safety Board and Central Fire Response Zone join forces for cross-border incident response in the port area
16:35 European shipowners support the uptake of clean fuels but fear FuelEU may become missed opportunity due to enforcement loopholes - ECSA
16:20 9M’2020 throughput of Taganrog Sea Commercial Port grew by 6% Y-o-Y
16:05 Fuelling the Industry: LNG as a fuel and its infrastructure at the 8th International Congress
16:04 Empire Offshore Wind selects Vestas as its preferred supplier for wind turbine generators for Empire Wind I and Empire Wind II
15:41 The decarbonization strategy likely is now the best business strategy for shipowners - ABS
15:13 Bollinger celebrates commissioning of 45th Fast Response Cutter USCGC Emlen Tunnel
14:51 RF Government and Rosatom instructed to organize regular transportation of transit cargo by NSR
14:30 Port of Rotterdam throughput rises substantially again in Q3 2021
14:03 Valenciaport throughput up 8.33% to 63.46 mln tonnes in Jan-Sept 2021
14:02 Ice restrictions in Port of Sabetta basin to be effective as of Oct 25
13:39 TGE Marine announces the successful gas trail of LNG bunker vessel ´Dmitry Mendeleev´
13:08 Port of Antwerp throughput up by 4.8% to 179.1% mln tonnes in Jan-Sept 2021
12:54 Cargo traffic via Khabarovsk Territory ports rose by 3% in 9M’21
12:33 Vitol’s V-Bunkers receives green ship awards from Maritime Port Authority of Singapore
12:15 The Methanol Institute welcomes the European Union’s package of proposals Fit for 55
11:36 Volga Shipping announces completion of three tankers conversion project
10:46 MABUX: Bunker prices may demonstrate multidirectional changes on Oct 19
10:11 Russian Gas Society supports 5th LNG Fleet, LNG Bunkering and Alternatives conference
10:09 Berenberg expands debt fund portfolio with two new multi-investor funds
09:46 Baltic Dry Index as of October 18
09:25 Crude oil prices rise on crisis anticipation
09:13 Roxtec selects Sustainable Marine Fuels

2021 October 18

18:07 OneOcean Group brings voyage optimisation solutions to Marlink Partner Programme
17:53 NOVATEK held its first Arctic LNG Projects Shipowners Conference
17:49 MOL tabletop drill prepares for serious marine accident
17:29 Over 40 ships and boats of RF Navy's Black Sea Fleet took part in large-scale exercise at Opuk training ground in Crimea
16:52 Icebreaker Kapitan Khlebnikov to help deliver new components for the Vostok Station in the Antarctic
16:16 Throughput of Russian seaports in 9M’2021 climbed by 1.7% (detalization)
15:48 Four industry focused educational institutions to take part in 5th LNG Fleet, LNG Bunkering and Alternatives conference
15:25 Baltiysky Zavod shipyard casts forth one-piece propeller for Project MR-50 product tanker
15:03 Nemport orders fleet of Konecranes Noell RTGs
14:13 Average spot market price for Russian M100 product rose to RUB 29,186 pmt
13:51 MOL, MAN ES and MES-M sign MoU aiming to order ammonia fueled main engine for ships
13:42 National Chamber of Engineers supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:00 Port of Ventspils throughput in January-September 2021 fell by 14% YoY
12:40 The Port of València will install a hydrogen supply station in January
12:36 Port of Helsinki throughput in January-September 2021 rose by 7.9% YoY
12:14 Port of HaminaKotka cargo turnover in 9M’2021 fell by 2.1%
11:29 Container throughput of Hong Kong port (China) in January-September 2021 rose by 0.1%
10:57 APM Terminals appoints new Head of Decarbonisation
10:48 Port of Liepaja throughput in 9M’2021 climbed by 8% Y-o-Y
10:25 Global Ports’ Consolidated Marine Container Throughput increased by 4.0% y-o-y in 9m 2021
09:53 MABUX: Bunker prices may rise on Oct 18
09:46 Northern Sea Route cargo traffic rose by 4.5%
09:29 Crude oil prices rise driven by roaring demand
09:13 Baltic Dry Index as of October 15

2021 October 17

16:28 Revenue Cutter Bear located, ending decades-long mystery
15:19 Port Everglades new Heron Garage touts solar power, moving walkway
14:38 JAXPORT welcomes passenger vessel Ocean Explorer for port-of-call visit
13:27 Canadian fishing company chooses Skipsteknisk design
12:11 Mayflower Wind signs agreement with Gladding-Hearn for design/build of hybrid electric offshore wind crew transfer vessel
11:03 USCG commissions fast response cutter Emlen Tunnell

2021 October 16

12:38 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
10:19 Star Pride delivered at the Fincantieri shipyard in Palermo
09:37 Three zero-emission harbour tugs mark Corvus Energy’s 500th project order
08:16 Rolls-Royce launches mtu hydrogen solutions for power generation