• 2019 April 2 09:31

    MABUX: Bunker Market this morning April, 02

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated upward changes on Apr. 01

    380 HSFO - USD/MT 418.36 (+3.22)
    180 HSFO - USD/MT 464.36 (+2.65)
    MGO - USD/MT 633.57 (+4.36)

    Meantime, world oil indexes increased on Apr. 01 amid strong Chinese economic data and signs of supply tightening

    Brent for June settlement increased by $1.43 to $69.01 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for May delivery rose by $1.45 to $61.590 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 7.42 to WTI. Gasoil for April delivery increased by $1.50.

    Today oil indexes continue to rise after a U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.

    The U.S. government is considering additional sanctions against Iran that would target areas of its economy that have not been hit before. In addition, the U.S. may not extend waivers from sanctions on Iranian oil exports to a group of eight importers that expire next month.

    Manufacturing activity in China expanded more than expected in March, easing concern over a slowdown in the world’s second-largest economy. China’s Caixin manufacturing purchasing managers’ index rose from 49.9 to 50.8, above the 50-mark that separates expansion from contraction and its strongest level since last August. The Chinese economic data was also accompanied by positive steps in current Sino-U.S. trade negotiations. Beijing said over the weekend that the country would maintain its suspension of additional tariffs on U.S. vehicles and auto parts after April 1, matching a U.S. decision to delay tariff hikes on Chinese imports as both sides attempt to reach a deal. Following meetings in Beijing, Chinese Vice Premier Liu He will be in Washington this week to continue high-level trade talks.

    OPEC oil supply sank to a four-year low in March. Saudi Arabia led the cartel’s charge to cut production while U.S. sanctions and power outages shrank Venezuelan output. The positive news boosted oil indexes. OPEC production declined 280,000 barrels per day (bpd) to 30.40 million bpd last month, the lowest OPEC total since 2015. It is likely, that Saudi Arabia and its Gulf allies are pressing ahead with even larger supply cuts than called for by OPEC's latest deal, shrugging off pressure from U.S. President Donald Trump to increase supply.

    Among exempt producers, Venezuelan supply fell by 150,000 bpd as power cuts hit exports, adding to the impact of U.S. sanctions on state oil company PDVSA and a long-term decline in production. Venezuela's Jose crude export terminal has halted operations due to a lack of electricity supply, after restarting on March, 29 following a prolonged blackout.

    Expect bunker prices to demonstrate slight upward changes today: USD 3-5 up for IFO, USD 1-3 up for MGO.




2020 January 26

16:34 Harley Marine Services changes name to Centerline Logistics Corp
15:13 Island Class ferries move to Point Hope Maritime in Victoria
14:16 Wärtsilä integrated solutions will deliver efficiency and sustainability to three new short-sea vessels
13:32 USCG suspends search for missing person near Dauphin Island
12:03 Fincantieri strengthens the strategic partnership with Qatar
11:39 New LINKSPAN 7 arrives in Dublin Port
10:47 DOF Subsea awarded contracts in Australia

2020 January 25

16:11 “Flower Power” from Sanmar and Robert Allan Ltd. – 200 Tugs and Counting
15:27 USCG Cutter Polar Star arrives in Antarctica
13:11 TORM orders two scrubber-fitted LR2 newbuildings
12:47 USCG opens Blue Technology Center of Expertise
10:47 Hamburg Süd’s COO Frank Smet to step down
08:31 NORDEN signs charter for more women in shipping

2020 January 24

18:07 Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk
17:42 First ship-to-ship LNG bunkering operation in the Port of Rostock
17:40 Engineering troops to develop a plant for desalination of water in the Arctic
17:16 Gasum completes 200th ship-to-ship LNG bunkering
16:52 Carnival Mardi Gras floated out at Meyer Turku shipyard
16:51 Former COO of Stanlow refinery: “The first step of the digitalization is underway”
16:27 Tallink’s vessel Silja Europa to be renewed at Turku Repair Yard in Naantali, Finland
16:04 United Heavy Lift GmbH Hamburg takes over a modern Heavy Lift fleet of nine eco-friendly F900 newbuildings
16:03 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
15:32 First Deputy PM Andrey Belousov held meeting with senior executives of RF Transport Ministry
15:03 Dublin Port Company christens its new Pilot Boat, DPC Tolka
14:30 Sergey Sapegin takes the helm of Kaliningrad Railway
14:03 The Grande Houston delivered to the Grimaldi Group
13:25 Port of Guayaquil inaugurates deepened maritime access channel
12:58 Bunker prices are table at the port of Saint-Petersburg, Russia (graph)
12:01 CMA CGM announces PSS for reefer exports from Ecuador to Europe, Baltic, Mediterranean, Middle East & Asia
11:00 MAN Energy Solutions wins contract to supply the main propulsion engines for two patrol vessels
10:33 The ShipFC project to convert offshore vessel to run on ammonia-powered fuel cell
10:22 MABUX: Bunker market this morning, Jan 24
09:31 Brent Crude futures price is up 0.35% to $62.26, Light Sweet Crude – up 0.4% to $55.81
09:14 Baltic Dry Index is down to 576 points

2020 January 23

19:00 Chembulk Tankers announces management changes
18:27 KOTUG provides salvage assistance to MV EM-OINOUSSES
18:07 Ocean Installer awarded contract with Dana Petroleum
17:42 Almost 290 cruise liners will call at Ports of Stockholm in 2020
17:37 NYK-operated coal carrier Sunshine Pride enters service for Joban Joint Power
17:19 Throughput of port Helsinki (Finland) in 2019 fell by 2% to 14.42 million tonnes (table)
16:48 Draft Strategy for Development of Russia’s Arctic Zone to be ready by 20 March 2020
16:05 The AUTOSHIP project receives funding of almost Euro 20.1 mln
15:21 probunkers signs LOI with Hyundai for the construction of two LNG bunker vessels
15:16 Perspectives for containers and ro-ro market discussed in Berlin
14:40 New intermodal train connection arranged from Luxembourg
13:37 Container Terminal Saint-Petersburg spent RUB 11 million under its social and charity programmes in 2019
13:03 Global Ports Group to renew handling equipment
12:29 Russia's Main Department of State Expertise approves reconstruction at the port of Petropavlovsk-Kamchatsky
12:05 Port of Long Beach moves more than 7.6 million TEU in 2019
11:48 Croatian DIV Group in process to take-over Kleven Verft
11:00 Austal awarded A$15.5m contract for a 41 metre high speed catamaran ferry for SGTM Mauritius
10:56 MABUX: Bunker market this morning, Jan 23
10:27 ABS marks record-setting three years without a work-related lost time injury
10:25 IBIA: IMO 2020 preparations pay off
10:03 Brent Crude futures price is down 0.4% to $64.33, Light Sweet Crude – down 0.48% to $58.1
09:46 TransContainer dispatched test train with hazardous cargo in reefers from Korea to Poland
09:24 Baltic Dry Index is down to 623 points
09:08 Swissterminal and DP World enter strategic partnership
08:36 CMA CGM introduces NETWORKING INTERMEDIATION SERVICES

2020 January 22

18:37 BunkerTrace secures first commercial partnership with Marfin Management