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  • 2021 November 11 14:27

    MABUX: Bunker Weekly Outlook, Week 45, 2021

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

    On a Week 45, the MABUX World Bunker Index returned to the path of moderate growth. Index 380 HSFO rose by 4.88 USD: from 517.42 USD / MT to 522.30 USD / MT. The VLSFO index increased by 10.71 USD (having fully recovered from the losses the previous week): from 644.79 USD / MT to 655.30 USD / MT, while the MGO index added 9.42 USD (rising from 768.32 USD / MT to 777.74 USD / MT).

    The average weekly Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - rose slightly during the week and reached $ 128.41 (versus $ 127.35 last week, plus $ 1.06). At the same time, the average SS Spread in Rotterdam dropped to $ 134.67 (versus $ 137.50 last week, minus $ 2.83), while the average SS Spread in Singapore, on the contrary, added $ 5.83 and reached $ 150.00 (the first time since Feb.27.2020) against $ 144.17 last week. In general, all SS Spread indicators are currently consistently above the psychological mark of $ 100. More information is available in the Differentials section on the web-platform 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 remained overvalued in only one port - Fujairah (plus $ 10). In all other ports, the MABUX MBP / DBP Index registered an underestimation of the fuel grade: in Rotterdam - by minus $ 13, in Singapore - by minus $ 24 and in Houston - by minus $ 1. In general, the the underestimation rates of the 380 HSFO have not change significantly.

    VLSFO fuel grade, according to the MABUX MBP / DBP Index, has been overpriced at three out of four selected ports while Singapore joined Rotterdam and Fujairah. The overcharge margins were registered as: in Rotterdam - plus $ 1, in Singapore - plus $ 14 and in Fujairah - plus $ 25. The only port, according to the MABUX MBP / DBP Index, where VLSFO fuel was underestimated, was Houston - minus $ 8.

    As for the MGO LS, the MABUX MBP / DBP Index has registered a transition of the price indicators to the overcharge segment in two ports at once: in Fujairah - plus $ 4 and in Houston - plus $ 8. At the same time, MGO LS fuel grade remains undervalued in Rotterdam - minus $ 47 and in Singapore - minus $ 31.

    The European Community Shipowners’ Association (ECSA) has issued a new policy paper in which it calls for vessel operators to bear the costs of the EU Emissions Trading System (EU ETS). In the paper, ECSA also voices its ‘firm support’ of establishing a dedicated fund under the EU Emissions Trading System (EU ETS) to stabilise the carbon price. In fact, ECSA supports that the commercial operator should bear the costs of the EU ETS. The law should require the entity responsible for the decisions affecting the CO2 emissions of a ship to bear the costs arising from the implementation of the EU ETS in the context of a contractual agreement. European shipowners propose the introduction of a legally binding requirement in the articles of the EU ETS proposal which it said should provide for passing through the costs of the system from the shipping companies to the commercial operators in the context of a contractual agreement.

    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