• 2022 April 18 08:57

  MABUX: Global bunker prices may rise slightly on Apr 18

  Global bunker prices to inch higher today
  
  The Bunker Review was contributed by Marine Bunker Exchange (MABUX)
  
  MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO in the main world hubs) maintained firm upward evolution on April 15:
  
  380 HSFO - USD/MT – 732.07 (+2.72)
  VLSFO - USD/MT – 947.08 (+8.58)
  MGO - USD/MT – 1 209.60 (+20.56)
  
  Correlation MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker price benchmark) on April 15 remained in the overcharge area for all types of fuel in selected ports. The overprice margins for 380 HSFO fuel were registered as: Rotterdam - plus $12 (plus $33 the day before), Singapore - plus $89 (plus $98), Fujairah - plus $89 (plus $90) and Houston - plus $71 (plus $83). Overcharge ratio continued its gradual decline, the most significant was minus 21 points in Singapore.
  
  In the VLSFO segment, MABUX MBP/DBP Index also registered overpricing on April 15 in all four selected ports. Rotterdam - plus $56 (plus $79 a day earlier), Singapore - plus $29 (plus $39), Fujairah - plus 31 (plus $51) and Houston - plus $86 (plus $101). The trend towards a gradual reduction of overcharge levels also continued here.
  
  MGO LS, according to MABUX MBP/DBP Index, was in the overcharge area on April 15 in all ports: Rotterdam - plus $54 (plus $118 the day before), Singapore - plus $26 (plus $40), Fujairah - plus $76 (plus $120) and Houston plus $113 (plus $93). Despite there is not a single dynamic of MABUX MBP/DBP Index in the MGO LS segment, the general trend of recent days is the stepwise approach of DBP Index to the 100% correlation mark with the MBP market index, which indicates a gradual stabilization of the situation in the global bunker market.
  
  We expect global bunker prices to inch higher today: 380 HSFO - plus 3-5 USD / MT, VLSFO - plus 4-6 USD / MT, MGO LS - plus 10-25 USD/MT.
  
  Source: www.mabux.com

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2023 March 24

18:28	IAA PortNews’ summary of past week news
18:05	Damen Maaskant offers future-proof solution for tropical shrimp fishermen
17:41	Stolthaven Terminals joins the Ammonia Energy Association
17:16	Silversea Cruises and MEYER WERFT celebrate the keel laying of Silver Ray
17:07	Sea terminal to be built in Novorossiysk under concession scheme
16:55	Ocean Thermal Energy Conversion demonstration project in Okinawa selected by Japan's Ministry of the Environment
16:34	Channel Ports and DFDS join forces to decarbonise cross-Channel transport
16:34	New ferry Stanislav Agapov to start operation in Ust-Kamchatsk in spring 2024
16:13	Annual capacity of ports Olya and Makhachkala to be increased by 5.6 million tonnes
15:49	WinGD to deliver methanol engines for COSCO SHIPPING Lines container vessels
15:25	Ministry of Energy reports 20-pct decrease of coal industry’s negative impact on water bodies over recent 5 years
15:03	Liberty Lines’ hybrid ferry order at Astilleros Armon expands to twelve
14:51	Nakhodka shipyard estimates readiness of crab catcher Kapitan Khazan of Project CCa5712LS at 86%
14:34	New hybrid ferry 'P&O Pioneer' docks at DP World Limassol for bunkering
14:13	China's Xinxing to invest $2 bln in Suez Canal Economic Zone
13:42	Port of Antwerp-Bruges and Port of Amsterdam join forces with Routescanner
13:08	Maersk signs MOU with Shanghai International Port Group on green methanol bunkering
13:02	Livestock Express renews and upgrades its agreement with Wartsila to improve vessel reliability
12:58	Marine Engineering Center SPb expects construction of Volga-Don Extra Max class ships to begin in 2023
12:37	Austal Philippines delivers largest ever, high-speed catamaran constructed by Austal to Molslinjen
12:13	Lineas and DFDS join forces to transport containers and trailers from Ghent in North Sea Port by rail
11:12	Elnusa signs Mou with Khan for offshore platform decommissioning project
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10:41	TECO 2030 signs an MOU with an undisclosed party for up to 50MW of hydrogen engines
10:25	Damen announces technical acceptance of Damen CSD650 and MuC1506
10:20	Creating transport and logistics corridors is an important element in RF Government’s effort to open up our economy – Mikhail Mishustin
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09:29	Rosmorrechflot head set a task to reduce the construction time of Pionersky terminal

2023 March 23

18:18	Port of Aberdeen hosts more than 100 vessels working on offshore wind projects in 2023
17:51	China surged its coal imports in January-February 2023
17:45	Peel Ports acquires HES Humber Bulk Terminal
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17:14	China’s crude oil imports in January-February 2023 fell by 1.3% YoY
17:10	CMA CGM commences the only direct Japan-U.S. East Coast Service
16:48	Admiralteiskie Verfi shipyard held the first start of the main engine on Mekhanik Sizov trawler of Project СТ-192
16:47	IMO Secretary-General updated on Black Sea Grain initiative
16:22	BV-classed hybrid ferries with battery and solar power to be deployed in Hong Kong
16:16	Finland lifts arrest of Russian fertilizers in the port of Kotka
16:03	Port of Cork accelerates digitalisation with new AI-powered port system
15:25	“K” Line to install automated kite system on the coal carrier Corona Citrus
14:22	Return of railway ferry Baltiysk to Ust-Luga-Baltiysk line postponed to April 2023
14:03	Samskip starts a new innovative project that will reduce CO2 emissions for its vessels
13:27	European Council and the European Parliament announces new agreement to decarbonise the maritime sector
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12:43	Ports of Stockholm explores safety aspects of autonomous shipping in innovative research project
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09:57	Agency for Strategic Initiatives to support production of high-speed hydrofoils
09:20	Nevsky Shipyard lays down third serial tanker of Project 23130 for RF Defence Ministry

2023 March 22

19:19	MSCC Bronka (Saint-Petersburg) sold to Moscow company NKK-Logistik
17:30	Direct service from China to Saint-Petersburg launched by Transit
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16:24	State Duma passed in its first reading Northern Delivery Bill
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15:46	Grimaldi signs the purchase agreement for the acquisition of a majority stake in the Igoumenitsa Port Authority