• Home
  • News
  • MABUX: Bunker Weekly Outlook, Week 43, 2021
  • 2021 October 28 14:11

    MABUX: Bunker Weekly Outlook, Week 43, 2021

    The Weekly Outlook was contributed by Marine Bunker Exchange

    On a Week 43, the MABUX World Bunker Index demonstrated irregular changes during the week. The 380 HSFO index declined by 8.40 USD: from 542.16 USD / MT to 533.76 USD / MT. The VLSFO index increased by 8.65 USD: from 647.86 USD / MT to 656.51 USD / MT, while the MGO index added 4.57 USD (the rise from 774.51 USD / MT to 779.08 USD / MT).

    MABUX temporarily suspends publication of the MABUX ARA LNG Bunker Index as the LNG bunkering market has practically stalled due to falling demand caused by a sharp increase in gas prices in Europe. We believe the gas crisis is temporary and expect LNG bunkering operations to resume by the end of this year. The publication of the MABUX ARA LNG Bunker Index will resume as soon as the LNG bunker market recovers.

    The average weekly Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO – continued to rise during the week and amounted to $ 115.81 (versus $ 103.05 last week). The average weekly SS Spread in Rotterdam also widened and remained well above the $ 100 mark: $ 126.67 (against $ 109.33 last week, plus $ 17.34). The average SS Spread in Singapore, also rose and also reached the psychological mark of $ 100: $ 120.33 versus $ 96.00 last week ( $ 24.33). More information is available in the Differentials section of 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 was overvalued in three out of four selected ports (except of Houston), where the Index recorded an underpricing of $ 1 (vs. minus $ 9 a week earlier). In other ports, 380 HSFO was overcharged: in Rotterdam - plus $ 6, in Singapore - plus $ 5 and in Fujairah - plus $ 7. Overall, MBP Index became much closer to DBP Index ( Plus $23, $33,$21 respectively the week before).

    VLSFO fuel grade, according to the MABUX MBP / DBP Index, was in the overvaluation zone in two out of four selected ports: In Rotterdam by plus $9 and Fujairah – by plus $1. In Singapore and Houston this fuel grade became undervalued by minus $1 and minus $3 respectively.

    The MABUX MBP / DBP Index registered an undercharge of MGO LS fuel in all selected ports: minimum value in Houston (minus $ 6), maximum value in Rotterdam (minus $ 36).

    Singapore’s bunker fuel sales for the 380 CST HSFO grade fell to a one-year low in the world’s largest bunkering port in September amid limited cargo availability, while total marine fuel sales volume also dipped overall last month, reflecting weak bunker demand.

    Bunker fuel sales of 380 CST HSFO in the city-port slipped 7.1% on the month in September to a one-year low of 908,000 mt, latest data by the Maritime and Port Authority, or MPA, of Singapore showed.

    Bucking the overall downtrend was sales of low sulfur (0.1%) marine gasoil, which was up 14.4% month on month at 331,700 mt, but 8.6% lower on the year, while 0.5%S marine gasoil sales rose 0.2% month on month to 26,800 mt, MPA data showed.

    Total marine fuel sales in Singapore slid 3.4% month on month and 6.7% on the year in September to 3.935 million mt.

    Source: www.mabux.com

2021 November 28

11:57 HAROPA PORT elected “Best Green Seaport 2021”
11:33 Contract award for MPSV Siem Dorado
10:48 Port of Dunkerque announces new appointments to its Executive Board

2021 November 27

14:38 Liquid Wind secures SEK 151 million for production of fossil free fuel
13:21 TECO 2030 receives NOK 50 million in government support for fuel cell development
11:09 Inmarsat offers future-proof remote control connectivity for latest sea-kit uncrewed surface vessel trials
10:54 J.P. Morgan and Havfram AS announce a series of next generation wind turbine installation vessels

2021 November 26

18:17 TECO 2030 is leading a project group that will build a hydrogen-powered high-speed vessel for the Port of Narvik
18:00 TransContainer’s IFRS-based net profit in 9M'2021 increased by 51% to RUB 14.8 bln
17:35 Royal Niestern Sander signs contract for walk to work vessel conversion
17:26 PortNews offers final edition of its magazine for 2021
17:15 Konecranes and Cargotec note CMA’s announced Provisional Findings regarding the planned merger of Konecranes and Cargotec
17:03 IMO appoints Special Advisor on Maritime Security
16:55 Nord Stream 2 delay weighs on gas prices - Gasum
16:40 Nevsky Shipyard lays down two research vessels of Project 17050
16:25 BIMCO calls for continued naval support in Gulf of Guinea after piracy incident
16:05 Alfa Laval and Orcan Energy sign a cooperation agreement for the marine market
15:43 Wärtsilä launches power limitation solutions for EEXI compliance
15:25 Hiab launches HIAB iQ.1188 HiPro loader crane with new control system
14:47 RF Government approves Transport Strategy of Russia until 2030 with forecast until 2035
13:59 Sredne-Nevsky Shipyard launches Anatoly Shlemov minesweeper of Project 12700
13:11 The Port of València hosts a rescue drill for a crane operator
12:10 GTT obtains tank design order for three new LNG Carriers from Hyundai Heavy Industries and Hyundai Samho Heavy Industries
11:54 Phase 2 of Bagayevsky hydrosystem construction begins
11:52 Ardmore moderates COP26 ‘ShipZero’ panels, discussing the realities of zero emission ships
11:17 ClassNK signs MOU on cybersecurity with Panama Maritime Authority (PMA)
10:51 MSC starts new In-Transit Cargo service
10:32 MABUX: Global bunker market to keep slight irregular fluctuations with no firm trend on Nov 26
10:22 Oboronlogistics' Ambal ferry obtaines certificate on safety management from RS
09:48 MPA and maritime partners maintain cybersecurity readiness through inaugural exercise
09:33 Baltic Dry Index as of November 25
09:17 Oil prices decrease on concerns over reduction of demand

2021 November 25

18:06 Rolls-Royce and Zhenjiang Shipyard to jointly promote tugs and workboats with mtu engines in China
17:44 Delo Group presented own Digitalization Strategy
17:16 Keppel awarded FSRU conversion and FPSO integration work worth around S$200 million
16:25 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14% in 2021
16:03 Great Lakes Dredge & Dock announces receipt of $92.5 mln Houston Ship Channel widening and improvement project 11 award
15:59 Damen Shipyards achieves official EU Stage V certification for its Emission Reduction system
15:30 RF State Duma ratifies Nairobi Wreck Removal Convention, 2007
15:02 Navigator Holdings announces approval in principle for new CO2 carrier designs for its Dan-Unity CO2 joint venture with Evergas
14:59 RINA, ABB, Helbio, the Liberian Registry, Wärtsilä and an Energy Major enter in proposal with hydrogen as fuel to meet IMO2050 targets
14:44 Rosterminalugol shipped 21 million tonnes of export coal over 10M’2021
14:21 BAE Systems launches next-generation power and propulsion system to help marine operators reach zero emissions
13:55 MABUX: Bunker Weekly Outlook, Week 47, 2021
13:12 Kongsberg Maritime and Norsepower MoU agreement facilitates Rotor Sail integration for shipowners
12:31 Sea Port of Saint-Petersburg allocated over RUB 21 million for implementation of its environmental programme
12:06 Port of Kiel describes path to climate neutrality by 2030
11:06 Third Finnlines hybrid ro-ro launched in China Merchants Jinling Shipyard
10:35 Mitsubishi Heavy Industries receives a major turbomachinery order for Ust-Luga LNG export plant
10:31 MABUX: Bunker prices may demonstrate slight upward changes on Nov 25
10:30 Navigation season closed on Volga-Baltic Waterways
10:06 Port of Long Beach named the best West Coast Seaport in North America
09:41 Oil market sees mixed price movements
09:22 Baltic Dry Index as of November 24
09:08 The second of Damen’s new Shoalbuster 2711 class handed over to Ports of Jersey in christening ceremony
08:16 Port of Los Angeles issues zero-emissions truck request for proposals
06:00 Stockholm fairway smart buoy powered by solar energy

2021 November 24

18:35 Wan Hai Lines awarded “Container Shipping Line of The Year India-Far East Trade Lane”
17:33 Volga Shipping's freight transported this year’s inland shipping season reached 8.2 million tonnes
17:25 Bahri bags four prestigious awards