• 2019 July 10 10:04

    MABUX: Bunker Market this morning July, 10

    The Bunker Review was contributed by Marine Bunker Exchange

    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 July, 09:

    380 HSFO - USD/MT 428.13 (+3.69)
    180 HSFO - USD/MT 464.58 (+2.65)
    MGO - USD/MT 653.37 (+0.66)


    Meantime, world oil indexes demonstrated slight irregular changes on July, 09

    Brent for September settlement increased by $0.05 to $64.16 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for August delivery rose by $0.17 to $57.83 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of 6.33 to WTI. Gasoil for July delivery decreased by $3.00.

    Today indexes rise after American Petroleum institute (API) reported that U.S. stockpiles fell for a fourth week in a row

    U.S. crude stockpiles fell more than forecast last week, while gasoline inventories decreased and distillate stocks built. Crude inventories fell by 8.1 million barrels in the week to July 5 to 461.4 million, compared with expectations for a decrease of 3.1 million barrels. Official figures from the government's Energy Information Administration (EIA) are due later today.

    Still, U.S. crude oil production is forecast to rise to a record of 12.36 million barrels per day (bpd) in 2019 from the high of 10.96 million bpd last year, the EIA's Short Term Energy Outlook said on July,09.

    Oil prices also get support from an escalation in U.S.-Iran tensions after Tehran’s decision this week to enrich uranium beyond levels it promised world powers in a doomed agreement from four years ago. Iran threatened on July,07 to restart deactivated centrifuges and step up its enrichment of uranium to 20%, a move that further undermines the 2015 nuclear agreement that Washington abandoned last year. The U.S. President Donald Trump had warned Tehran over the weekend to “be very careful” about the resumption of enrichment. Rising tensions between Iran and the United States have brought the two countries close to conflict. Last month, President Donald Trump called off air strikes at the last minute in retaliation for Iran shooting down a U.S. drone.

    Meanwhile, British Petroleum continued to shelter oil tanker in the Persian Gulf on July, 07 for fear of retaliation. BP was worried the ship could be attacked by Iran, in response to the seizure by British forces of a tanker allegedly shipping Iranian crude to Syria last week.

    Trade disputes, which threaten to dent global demand for oil, appeared to be held in check. Top negotiators from the U.S. and China are expected to talk via phone this week in preparation for face-to-face meetings in Beijing.

    In a sign that global trade tensions are taking a toll on corporate investment, figures on Monday showed Japan's core machinery orders fell by the most in eight months. The country is the world's fourth-largest user of crude.

    U.S. Federal Reserve Chair Jerome Powell, disappointed markets looking for early clues on whether he would support a rate cut later this month as he completely left out any references to that in a speech he delivered on July,9.

    We expect bunker prices to demonstrate slight irregular changes today: 1-3 USD up for IFO, 2-4 USD down for MGO.




2019 October 13

16:12 DHS, USCG extend limited contract relief for Offshore Patrol Cutter
15:39 CMA CGM to implement PSS for Douala, Cameroon
14:33 Okeanis Eco Tankers announces acquisition of Suezmax newbuilding duo
13:42 Pentland Ferries' new ship arrives to deliver most environmentally-friendly ferry service in Scontland
11:22 Global Energy to take over long-term operation of Nigg Oil Terminal
10:56 ICE announces new milestones in TTF and JKM trading

2019 October 12

16:35 HII expands Shipbuilder Academy program
14:29 Robert Allan design of two fire-floats delivered to Bangladesh shipyard
12:23 POSH announces acquisition of equity stake in Dolphin's Pacific Workboats
11:41 Sea trials begin for the second CCG's Offshore Fisheries Science Vessel built at Seaspan's Vancouver Shipyards
10:52 DHS extends contract relief for Offshore Patrol Cutter

2019 October 11

18:09 IMO took part in the Global Maritime Security Conference held in Nigeria
17:50 KN engaged in negotiations regarding operation of LNG terminal in Brazil
17:28 Throughput of Russian seaports in 9M'2019 grew by 2.8% to 626.8 million tonnes of cargo (detalization)
17:03 One Sea adds Awake.AI to autonomous ship ecosystem
16:42 BFC sold over 50,000 tonnes of bunker fuel to cruise ships in navigation season of 2019
16:23 Eagle Bulk Shipping takes delivery of M/V Santos Eagle
16:01 Cedrob Porty and Port of Gdansk Authority sign preliminary agreement for construction of high-storage cold store
15:27 ASPA launches non-self-propelled cargo pontoon of Project GRPN
15:00 Diana Shipping announces time charter contract for m/v Polymnia
14:44 Jan De Nul supports 7th International Forum of Dredging Companies as its Sponsor
14:36 New productivity records set at APM Terminals Barcelona
14:34 Wärtsilä Hybrid upgrades will save fuel and reduce greenhouse gas emissions for two offshore supply vessels
14:31 Operator named for the Port of Gothenburg’s new major terminal investment
14:09 Pa-X-ell2 research project enters the next phase with a consortium of eight project partners
13:32 Vopak concludes an agreement with First State Investments for the sale of 100% of the shares in Vopak Terminal Algeciras
13:09 APM Terminals announces new management structure in Scandinavia
12:40 MISC secures 15-year charter deals with ExxonMobil for two new LNG carriers
12:09 Jan De Nul successfully completes Port Hedland dredging
11:09 Port of Los Angeles handles 779,903 TEUs in September 2019
10:47 Sevmorzavod shipyard launched non-self-propelled floating crane 'Sevastopol'
10:28 Cooperation with Belarus offers good prospects to Latvian transit sector
10:09 Ocean Yield announces acquisition of a gas carrier with long-term charter
09:50 Ust-Luga Oil to build up its light oil products transshipment capacity by 2-4 million tonnes by 2022
09:39 Baltic Dry Index is up to 1,929 points
09:23 Brent Crude futures price is up 0.52% to $59.41, Light Sweet Crude – up 0.54% to $53.84
09:19 MABUX: Bunker market this morning, Oct 11
09:13 MOL and OKI to launch joint study of bird's-eye view monitoring system on tugboat
08:31 Republic of the Marshall Islands removed from EU list of non-cooperative jurisdictions

2019 October 10

18:01 Ports of Rotterdam and Amsterdam prepare for a possible no-deal Brexit on 31 October 2019
17:37 Freight turnover of Neva-Metal (Saint-Petersburg) in 9M’19 fell by 4% Y-o-Y to 2.33 million tonnes
17:16 Krajowa Spolka Cukrowa hosts ribbon-cutting ceremony for its sugar terminal in the Port of Gdansk
17:14 No rate adjustment in Hamburg port dues
17:00 NOVATEK’s hydrocarbon production totaled 441.3 million boe in 9M’19, up 9.7% YoY
16:31 Naples Boat Show and Docktail Party to feature high-end lineup
16:12 Hapag-Lloyd announces rates from North Europe to Middle East & Indian Subcontinent
15:53 Polskie LNG and Selas-Linde sign contract on delivery of equipment for expansion of LNG Terminal in Świnoujście
15:31 Aker Arctic to supply propellers and shaft lines to new Finnish Navy multi-role corvettes
15:09 Murmansk Sea Fishing Port handled 191,100 tonnes of cargo in 9M’2019, down 25.6% Y-o-Y
14:34 Throughput of Russian seaports in 9M’19 grew by 2.8% to 626.78 million tonnes
14:12 Hapag-Lloyd implements service changes on the Transpacific
13:55 Bunker prices are down at the Far East ports of Russia (graph)
13:33 Port of Liepaja (Latvia) handled 5.31 million tonnes of cargo in 9M'2019, down 3.8% Y-o-Y
13:11 Port of Virginia posts 9% growth in September 2019
13:00 Damen Shipyards Group supports Hydraulic Engineering Structures and Dredging Congress as its General Sponsor
12:38 RF Ministry of Energy expects no deficit of low-sulphur fuel from 2020 but forecasts rise in prices
12:02 Panama Canal tonnage up 6.2 percent in 2019 Fiscal Year
11:45 WMU Contributes to Cyber-MAR project to prepare for emerging and future cyber-attacks
11:24 Throughput of port Riga (Latvia) in 9M’2019 fell by 10.5% Y-o-Y to 23.9 million tonnes
11:02 MAN Energy Solutions and KONGSBERG sign MoU for collaboration on common data infrastructure for maritime sector